I've been so busy with family issues that I have fallen out of the habit of blogging and interacting with others here for a while. I am making a conscious effort to change that as of this minute. I was reading an article today about how there are three stages in a business cycle: Failure, Success and Neglect. That made me wonder: what stage is YOUR business in?
- Failure - This happens to many people. In fact, there are many successful people who have failed over and over again: Thomas Edison, Abraham Lincoln and Albert Einstein are the first ones to pop in my head. I'm sure there are successful women who have failed as well, but, for whatever reason, none are jumping to the forefront of my mind. The keys to getting through the "failure" cycle of business are to acknowledge (don't dwell), learn from the mistakes that brought about the failure and use this knowledge to make better decisions in the future. Always look ahead and stay positive.
- Success - Yes, this is the much more preferred stage of any business. However, it's dangerous when you become complacent and start to believe that it will always be this way no matter what. Again, it's important to look forward and see how you can evolve with your surroundings so that you don't fall back into the "failure" cycle.
- Neglect - While many business people are continually looking at how they can gain even more customers/clients, neglecting your current roster of the faithful can slam you back into the "failure" cycle pretty easily. Remember, it is much easier to keep the clients you have than to try to get new ones. Keeping your current clients happy can mean that future ones may not be far behind (can you say "recommendation" anyone?).
Again, I ask you: what stage is YOUR business in? Is it time to re-evaluate your position, get rid of what isn't working, continue with what is working and look ahead to how you can make things even better? If you need any help, I'm only an email away!