Bottom Line Results .e With Risk.-mp7a1

Change-Management I had a very interesting conversation this week with a potential client about risk. This person was an entrepreneur in the true sense, in that he had built several businesses successfully, and ultimately failed at one. He went through a personal bankruptcy, started over working in a sales position, made a small fortune and recently quit the lucrative and secure sales job to work full time in another startup that he is currently self funding. Since we both had the pleasure and experience of laying it all on the line through personal guarantees and risking our entire net worth on startup ventures multiple times we had a .mon platform from which to access risk. His .ment to me during the discussion was "most people could not live with the level of risk we accepted". I thought about that afterward and he"s probably right. Most people are content working for someone else and letting them take the risk. However most small to mid-sized business owners and CEO"s accept risk as part of the price to play the game. How they deal with that risk however varies greatly. Personal guarantees on bank loans and lines of credit are a fact of life for the small to mid-sized guy. Often between cash invested in order to satisfy other investors that you have "skin in the game", and guarantees to lenders to "insure you"re .mitted", they have most, if not all, of their . worth on the line. Thinking back over my 35 years It seems that the successful ones are those that develop an attitude that they cannot fail, and do whatever is necessary to make the business work. Those that fall by the wayside are those that are slow to move and deal with issues, sometimes even the obvious ones. They both often have the same level of stress and risk they just deal with it differently. The successful ones met issues head on. Even when they didn"t know how to resolve them, they asked for help, tried different things and ultimately figured it out. They seemed to accept the old adage "bad news doesn"t get better with age". They seem to have figured out that dealing with stress effectively is a direct path to better bottom line results. It seems the unsuccessful ones dealt with stress and risk differently. They often ignore obvious problems and stay busy with the day-to-day things they can control. They hope these issues will go away on their own. They are reluctant to ask for help because many are afraid that accepting change means they were wrong in what they were doing. As I thought about this further I reflected on experiences I"ve had with clients and can think of numerous specific examples of these two scenarios. How is your business doing? Are you satisfied with the direction you"re going and the results you"re getting? Take that question one step further how are you dealing with the stress associated with the risks you"re taking? Then ask yourself what am I going to do about it? About the Author: 相关的主题文章: