Cosmic Cow Pie: Connecting the Dots

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What Stage is Your Business In?

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?

  • 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!

Heather Chavez, Real Estate Virtual Assistant - 3H Virtual Assistants: Let My Hands Help Your Hands Help Others

 

 

 

Comment balloon 25 commentsHeather Chavez • August 04 2010 12:55AM

Comments

Hi Heather, good post and excellent thoughts.  Thank for putting it up.

Posted by Dan Edward Phillips, Realtor and Broker/Owner (Dan Edward Phillips) about 10 years ago

Heather, that's a great visual! Thanks for the thought provoking post! I will hang on to your contact info!

Posted by Don Wixom, "Looking out for your next move..."tm (RE/MAX Executives Nampa, ID) about 10 years ago

Thanks, Dan.

Definitely let me know if I can be of any assistance to you, Don!  Thanks.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

Very thought provoking post, Heather. Glad to see the red pie piece isn't labeled Failure!

Posted by Mike Mayer (Mike Mayer, Broker/Owner - i List For Less Realty, LLC) about 10 years ago

Thanks for sharing your litmus test for business.

Posted by Carol West, Real Estate Agent, Hillsboro, Beaverton, Portland (Carol West Real Estate, LLC) about 10 years ago

I would have to say that in my opinion neglect could be the worst. In failure, you could still be trying to succeed. But neglect brings on a whole new set of demons!

Posted by Todd & Devona Garrigus, Broker / REALTORS® (Garrigus Real Estate) about 10 years ago

Heather, can we be in between or approaching one level, I like to think I am on the road to sucess

Posted by Carla Dimond, (Silicon Valley) (CATARRA) about 10 years ago

Heather, that is a good post, and it is wise to evaluate our businesses from time to time!

 

Posted by Tony & Darcy Cannon, The C Team (Aubrey and Associates Realty) about 10 years ago

Very thought provoking.  We al need to eveluate our status from time to time.

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 10 years ago

Heather - Wow, that's a really interesting question and options.  I bet there are a lot out there in the "neglect" category and don't even realize it.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) about 10 years ago

You would think red would mean "failure", Mike.  But, since it was the biggest piece, I thought it should be "success".  Gotta keep you on your toes! :)

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

Glad you liked it, Carol.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

I tend to agree with you, Todd & Devona.  Failure can happen for a variety of reasons, including those that aren't your own issues.  However, neglect is completely preventable.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

Sure, Carla.  You CAN be anywhere in one particular cycle.  Keeping the positive thought of being on the road to success is a large part of succeeding.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

Definitely, Tony.  Taking a moment to step back and evaluate what works and what doesn't work keeps you in the "success" cycle of business.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

We sure do, William.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

That's why we need to be ever-vigilent, Michelle.

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

I like the idea of getting rid of what is not working.  I bet there are alot of us that havn't done that yet!

Posted by Chris Alston, Silicon Valley, California (Chris Alston (Keller Williams Realty, Silicon Valley, California)) about 10 years ago

Heather, this is an excellent post.  I think it was one of the greats that you mentioned above(Edison, Lincoln, Einstein) who said something like:

        "You can never experience success without first having experienced lots of failure."

Posted by Bruce Walter (Keller Williams Realty Lafayette/West Lafayette, Indiana) about 10 years ago

Great post!

Have a nice day Heather!

Posted by Joshua Zargari, MJ Decorators Workshop (MJ Decorators Workshop LI staging and home decorating) about 10 years ago

Heather....Amen to your point that is easier to keep your current loyal clients than it is to get new ones.  It is important to continue to add new clients to insure your business isn't backsliding, but we never want to ignore our current clients.  Current clients help you with growing your referrals.

Posted by Carra Riley & Declan Kenyon, Helping people Transition at all ages! (Brokers Guild Cherry Creek Ltd) about 10 years ago

Heather--I think many who believe they are successful tend to neglect now and then. Hard to get ahead without paying attention to those who are your best customers. Thanks for the reminder!

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) about 10 years ago

Hello Heather--I am that voice from the past who just came back to life.  Guess I was in 'Neglect.'  I didn't forget.  I was just too busy with work & life.  No time for playing in the rain.

Hope all is well in your world.  Dave is at the gym & I catching up with my Rain friends.  Recently I had to search AR for you.  At first I couldn't find you & I almost panicked.  Glad you are back to blogging as I am.  Keep in touch.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) about 10 years ago

Good to see you back, too, my dear sweet friend Mary.  Life just tends to take over sometimes, especially when you least expect it.  When it rains, it pours.  I'm trying to get back into a routine again.  Outside stuff just seems to keep getting in the way.  There's just "stuff" piled on top of "stuff" on both my husband's and my side of the family at one time.  Craziness.  I was just thinking about you, too.  Great minds and all.  :)

Posted by Heather Chavez, Real Estate Virtual, Assistant (928) 692-3235 (Second Self Virtual Assistance) about 10 years ago

Well said, Heather

Life does take over and it is just best to let it ride so to speak.  We need to catch up then we need to talk . . . soon.  Bye for now.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) about 10 years ago

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