From Survival To Revival

If you are a business owner, it is because you came up with a great idea, product or service which you wanted to share with others and make a living. Then, you already have a competitive edge that others might not have. However, the question is why your great idea, product or service is struggling even when you have done the best you could. My quick and frank answer is your best might not be good enough. Sometimes, we assume getting entirely involved in complexity of a business might be more appealing. That might bring you more customers and so on. In the end of the day, it is the simple foundations that make a business great. Such as your people, the ones you are dealing with on a daily basis and your wider stakeholders like your suppliers. Review your relationships and observe your communication channels. As a business owner or the boss, are your messages always clear or instead, you often confuse the audience? Do you give clear directions and do your employees...

Feeling frustrated, scared or stuck, you have already tried everything you possibly could, but your business still struggling! When the wheels fall off, we all feel of balance, out of control, anxious and uncomfortable. So, you are not alone. Statistic around the world, says about half of businesses fail within the first 18 months or they never see their fourth year coming. Then, if you are still in business, pause, take a deep breath and be proud of yourself. Some business owners say they would rather learn from their mistakes than never try. So, you shall consider a reboot when your business has gone haywire. Don’t be fixated on a problem, reflect on what’s happening and try to “turn your mess into your message” as Alvin Slaughter says. What matters is how we deal with failure. Do you stuck with it and try to blame everyone else than yourself and pin point how their actions resulted the failure? Or do you sink into your denial stage and your ego doesn’t let you express you...