Everyone faces problems and setback during their career but you cannot let them stop you.
Being a leader and running a business is always challenging. Setbacks can happens in all sorts of shapes and sizes. You can lose a customer, production holdups, cash flow problems or employees leaving.
When you’re not seeing the business outcome you are looking for, even when you’re pushing so hard, it’s very easy to want to give it all up.
Bad days and setbacks will be unpredictable, it’s how you respond to them that will set you back on track.
When you face a setback:
- Evaluate: Not matter what the problem, take a step back and understand exactly what has happened and if you could have prevented it.
- Immediate problems: When you find yourself with an emergency, it is important to deal with it right away. After you have tackled the symptoms you can find a solution to the cause.
- Get a new perspective: As a business owner, you may find yourself without many options to turn to in case of a A mentor or business advisor can really give you some perspective, offer advice or help with resources.
- Be willing to adjust: Revisit your original plan and be willing to make a change, it could be the difference between success and failure.
- Reorganize your plan: There is a constant learning curve to running in business. Consider what has taken place and come up with a plan for the future.
- Don’t delay: If you postpone important decisions, as unfortunate as they may be, it will only worsen the situation.
- Take a break: After a setback you need time to reflect and recharge. Regaining your confidence will help you to decide how to move on and strengthen.
- Starting over: Absorb what you have learned and if you must, go back to the beginning and start again. Remember, failure is temporary, giving up is permanent.
Setbacks don’t have to be the end of the road and they don’t always even have to slow you down.
Think about what you learned or gained from each new situation and apply what you discovered to improve your work. A positive attitude will always help you recover from obstacles and having some hiccups along the way doesn’t mean it’s the end of the road.
You will encounter difficulties, but you will also find new ways to overcome those complications.
Hardship isn’t fun, but it is enlightening and educational. If you follow try these strategies next time you have a setback, it just might be a lesson for improvement and your business success.
How do you handle business setbacks?
Dave Baney is the founder and CEO of 55 Questions, LLC and author of "The 3x5 Coach: A Practical Guide to Coaching Your Team for Greater Results and Happier People", which is now available in Paperback or a Kindle version at https://tinyurl.com/y8ecykfy