Business Setbacks . . . Is it a bump in the road?
. . . Or is it a brick wall which may be difficult to surpass?
Well Patti Johnson has written a terrific article in Success Magazine on how failures and setbacks can be our best opportunities to learn and further pursue our ideas and goals.
Sometimes we need to climb over, around, or under brick walls . . . :)
These walls can help us build better business ideas, strengthen our resolve, and move forward in pursuing our dreams . . .
1. What was the original goal?
Be specific with your answers then you can draw some conclusions based on facts (vs. emotion!)
Make sure to gather the information necessary to adequately understand the setback.
It's important to consider you may have missed something and understand the difference between strategy and tactics. Even if you missed something, it definitely doesn't mean your goals are all wrong.
Those who are successful, are persistence in spite of setbacks! Get up and brush yourself off, assess, and re-focus.
1. Change Your Idea
. . . based on Patti's four steps above, I'd personally START with #4.
Take time to
Pause & Reflect
asking yourself the questions above to start. Then follow-up with more specific in-depth thinking . . .
It's always great to write down the answers to your questions. Once you've got everything written down, you can cross-reference information and come to a conclusion as to went didn't go according to your initial plans.
While it's so easy to get discouraged and focus on all the stuff that may have went wrong with your business setback (or the one BIG thing that went badly wrong). While it's always good to assess your progress, don't stay in the negative place.
Ask yourself --
What Went Right????
Write down these answers also! Nothing ever goes completely wrong. . . (although it's easy to believe this at certain low points)!!!
Talk to your friends/mentors if you need help in identifying the good business actions you took.
The answers can be GREAT building blocks to a new foundation.
You always want to build upon What Went Right!!!
Take the items that went right and partner them up with the answers to how you could have done better (from your answers to the questions above).
Persistence is a prized virtue of those who start changes. Yet persistence doesn't mean you plow ahead with your blinders on when your plan clearly isn't going to work.
Regroup and find another path.
Learn from your setback and determine if you have hit a bump or a brick wall. Either way, adjust and move forward.
Read Patti's full article here . . .
by Patti Johnson, Success Magazine