22:58
Faizan
Do you ever worry that your business will fail? It's hard to contemplate failure, especially when you're working so hard and want so much to be successful.
Considering failure is valuable, though, because the very ingredients that make for business failure can be transformed into business success.
Here are 5 ingredients that go into the mix of business failure, and how you can transform them for your own business success:
1. Unclear purpose
Here's the thing: the more clarity you have about what you want, the more likely you are to get it. In your business, having little or no focus on anything but making a profit results in scattered effort and less effectiveness. Ironically, it leads to less money too.
Transformation: Clear Purpose
Have you ever been part of something greater than just you and your self-interest? Feels great, right? The reason it does is that we are actually built that way. We are motivated, and can accomplish great things in service of something bigger than ourselves. It's no different for your business. Define your greater purpose. Define the impact you want to have in your business, your community, and the larger world. Then you'll have clarity and energy to do more with your business. You'll have the motivation to pull through tough times, for even greater success.
Communicate that impact purpose to your prospects and customers. People are drawn to businesses with a higher purpose.
2. Destructive thinking
A day at work filled with thoughts about imminent failure and negative perceptions of people's motives will drain you and your motivation, and ultimately, kill your business. Not only that, destructive thinking also negatively affects your health and even your life span.
Transformation: Constructive Thinking
Your thinking affects your actions in your business and everywhere else in your life. Optimistic thinking followed by persistent action leads to better results. If you're not naturally inclined that way, the good news is that you can learn optimism. Problems become less personal, the size of the problem more realistic, and the fleeting nature of problems more clear.
You can support your constructive thinking with a daily ritual that includes mindfulness (e.g., meditation, breathing exercises), visualization (mentally rehearsing your desired outcomes), and affirmations, including gratitude. Schedule your daily ritual in. You can do this in 15 minutes, and it will make a great difference, especially as a start to your day.
3. Unproductive action
Low productivity means you can be working all day for days on end without moving closer to business success. We're in a culture of busy-ness, and it's tempting to fill our hours without thinking too much about whether the actions are in themselves valuable.
Transformation: Productive Action
Productivity begins with focusing your actions on your impact. Will this help me to be more impactful? Is it aligned with my impact purpose?
A quick overview of powerfully effective strategies for productive action:
· Plan before you begin each day. Plan the night before if you can.
Considering failure is valuable, though, because the very ingredients that make for business failure can be transformed into business success.
Here are 5 ingredients that go into the mix of business failure, and how you can transform them for your own business success:
1. Unclear purpose
Here's the thing: the more clarity you have about what you want, the more likely you are to get it. In your business, having little or no focus on anything but making a profit results in scattered effort and less effectiveness. Ironically, it leads to less money too.
Transformation: Clear Purpose
Have you ever been part of something greater than just you and your self-interest? Feels great, right? The reason it does is that we are actually built that way. We are motivated, and can accomplish great things in service of something bigger than ourselves. It's no different for your business. Define your greater purpose. Define the impact you want to have in your business, your community, and the larger world. Then you'll have clarity and energy to do more with your business. You'll have the motivation to pull through tough times, for even greater success.
Communicate that impact purpose to your prospects and customers. People are drawn to businesses with a higher purpose.
2. Destructive thinking
A day at work filled with thoughts about imminent failure and negative perceptions of people's motives will drain you and your motivation, and ultimately, kill your business. Not only that, destructive thinking also negatively affects your health and even your life span.
Transformation: Constructive Thinking
Your thinking affects your actions in your business and everywhere else in your life. Optimistic thinking followed by persistent action leads to better results. If you're not naturally inclined that way, the good news is that you can learn optimism. Problems become less personal, the size of the problem more realistic, and the fleeting nature of problems more clear.
You can support your constructive thinking with a daily ritual that includes mindfulness (e.g., meditation, breathing exercises), visualization (mentally rehearsing your desired outcomes), and affirmations, including gratitude. Schedule your daily ritual in. You can do this in 15 minutes, and it will make a great difference, especially as a start to your day.
3. Unproductive action
Low productivity means you can be working all day for days on end without moving closer to business success. We're in a culture of busy-ness, and it's tempting to fill our hours without thinking too much about whether the actions are in themselves valuable.
Transformation: Productive Action
Productivity begins with focusing your actions on your impact. Will this help me to be more impactful? Is it aligned with my impact purpose?
A quick overview of powerfully effective strategies for productive action:
· Plan before you begin each day. Plan the night before if you can.
Posted in: business
