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Is Limited Thinking Sabotaging Your Business’s Success? 7 Tips To Turn Old Ideas In To New Ones
As we take a break from last year and look to the new year with hope and renewed strength, now is as good a time as any to reflect on the successes and failures of the past years. As you reflect, I ask you to dig deep into last year’s failures and really look for the root cause.
Many people will blame the bad economy, lack of clients, limited opportunities, changing regulations or funding, you name it, the past few years have provided ample opportunities for big excuses and reasons. This may not sit well with some of you, but let’s face it, despite the ailing economy, poor housing market, financial crises, and many other “signs of the Great Recession,” there are still businesses that are making money, expanding, and succeeding. . If your business is not one of them, I ask you to consider this – “What role have you played in sabotaging the success of your business?”
This is not an easy question and facing the truth of the answer is no better. Let’s face it, unless your business has been hit by a natural disaster, war, or government-mandated shutdown, you’ve probably had options and opportunities to change, expand, and grow your business in the past year, whether you realize it or not.
What “ways” of doing business in the old economy have kept you from succeeding in recent months? What old habits are holding you back from expanding in changing economic conditions of uncertainty? What limiting beliefs are holding you back from moving forward? As hard as it is to admit it, many of us have had plenty of opportunities to improve our business and economic situation over the past few years. Unfortunately, a large number of small business owners have been so busy blaming external circumstances and feeling sorry for themselves that they have missed many opportunities that would have moved their business forward and into the new economy.
Despite the current challenges we all face, there are many opportunities if you are able to let go of old habits and ways of thinking and look for ways to take advantage of the current market chaos.
Here are some proven strategies to overcome bad habits and limited thinking and move your business forward despite any external market factors.
1. Seek understanding and help from others. No matter how long you’ve been in business, how well your business is doing, or how much you currently “think you know,” surround yourself with other successful business owners and mentors. Challenging situations require high-level thinking, curiosity, multiple perspectives, and creativity. It is much easier and more effective to rely on a team of advisers and friends who can point out many nuances that you may be missing. Perspective is one of the biggest factors that can help you overcome obstacles, unfortunately no matter how smart you are, how much money you have or how good you are, you only have one perspective – your own. To see things from different perspectives, rely on your circle of influence to give you insight and perspective on where you are, how things look, and where it makes sense to go from here.
2. Adopt new ways of thinking and acting. Most of us have patterns of behavior and habits that have developed over time. These patterns, beliefs and behaviors are often some of the biggest obstacles standing between where we are now and where we want to be in the future. Realize that what got you here most likely won’t get you there, and look for ways to change. Take a new route to work, try a new food, read a book that goes against your beliefs, it doesn’t matter what you choose as long as it goes against what you would normally do. By challenging your habits and patterns and opening yourself up to new experiences, you will ultimately open up new pathways to new opportunities. Find joy and pleasure in the nuances of new experiences and leave the comfort of habit and familiarity.
3. Go back to past success. Reflect on past successes and opportunities and look for hidden gems in those experiences. When a business grows and stabilizes, we often become lazy and begin to neglect many of the things that have brought us success. Think back and look for habits and behaviors you may have adopted in the early years of your business and be honest with yourself – are you still acting the same and doing similar things? Are you making so many business calls, looking for new opportunities, building new relationships? Or are you still trying to hold on to the ones you have? It’s important to be honest about what got you here and what will ultimately get you through this next challenge.
4. Brainstorm. Since the whole system is in chaos right now and no one really knows which way is up, take advantage of it. Everyone has been affected and most people and businesses now understand that change is happening rapidly everywhere. Take advantage of the coup. If you’ve been hesitant to launch a new product or open a new market because current clients might question your motives – GO FOR IT. The most critical eyes became more understanding as the realization set in – to survive in the coming years, you must be able to adapt quickly, constantly change and try new things. Now is the best time to test a new product, open a branch or explore a new opportunity. I don’t recommend throwing money away randomly, but if an idea seems viable after careful analysis and consideration, now is the time to test it.
5. Face your demons. Are you afraid of what lies ahead? Not sure what to do? Are you unsure of yourself and where is your future? There’s never been a better time to think about who you are, where you’re going, and why you might want to go there. Open up and think about what you really want to do with your life and how your company can allow you that opportunity. Embrace the uncertainty you face daily and use it as an ever-changing opportunity for personal growth and development. Look for the things in your life that upset you more than most, and you may have found an area you want to focus on. Relationships, money, control, religion, politics, what area of your life is the most conflicting or forbidden for you. Start there.
6. Design a road map. After all the above mentioned considerations, deliberations and analysis, formulate a plan. what did you learn Where do you need to improve? Where do you want to go? What skills do you need to develop?/ Who will help you succeed? Start formulating a plan for who, what, when, where, how and most importantly why. The bigger your WHY – the reason you want to succeed – the easier everything else will be. Begin with the end in mind – determine why, why do you do what you do? Why do you want to go from here to there? Once you’ve made that decision, formulate a plan to get you from your current situation to the ideal scenario you envision in the future.
7. Don’t go it alone. Get the support of family, friends and business partners. Moral support is one of the greatest assets you can use in your desire to move forward. Communicate your goals and intentions to the key people in your life and ask them to hold you accountable. Look to those around you to provide external motivation and ultimately hold you accountable. Share your visions and aspirations with as many people as possible who will listen and seek their input and feedback. Create a plan based on the discussions you have and incorporate the feedback you receive into your business and everyday life.
Ultimately, the biggest obstacles most of us will face in life are our own limitations and beliefs. Use these 7 strategies to build momentum in your business and ultimately move from here to where you want to be.
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