I have made some big (fortunately not that big) mistakes in my business over the years. The fact I am still around, growing and have lots of friends means my wins were way larger than my losses Thank God!
Not just me, but almost everyone I talk too (the rest aren’t telling the truth x x) have made mistakes in their business. When it has come to Sales & Marketing – mine has been great (as I come from that background), however the Financial Management (which I consider myself quite good at now) was a massive issue for me in terms of building the skill set to effectively manage it.
This is my own example and if you are say about to go into business or established in business – you will probably be thinking about your own issues right now. My clients for example mostly need help with their Sales & Marketing (hence they hire me), however not everyone has problems in that area.
What I find happens is that when we start our businesses, the truth is we make a stack of mistakes. We do things that we may not be proud of, or they seemed good at the time but was a “Deal with the Devil”. That is – we made our short-term easier by making our future harder. Mine have been my fault – that is, I failed to have ‘Difficult Conversations’ early leading me to all sorts of problems later on.
Either Way, when it comes to dealing with our own mistakes and sins of the past, I hope these 7 Tips help you out as they did me:
1. Admit the Mistake! I won’t BS you, my Middle Eastern Ego stopped me on this one for a while but I got over it and admitted my errors in business. This is the first step.
2. Turn Yourself Over to a Higher Power: It’s great to get people to help you in this area. I really messed up with Financial Control (basically spending too much and not ensuring people are paying me). My Accountant and my Virtual Assistant were great that really assisted me in this area getting a handle on it.
3. Put a Plan in Place: In my case, I once had $30K owing to me. No kidding, what a stuff up I made and I put a plan in place and fixed it all up over about 6 months. It was hard, but worth it and now the business is super healthy.
4. Make Difficult Decisions: I had to make some difficult decisions in my case. It involved finishing up a lot of relationships where I was losing out of and then getting out there and meeting a stack of new awesome people. Now it’s rocking!
5. Take the short-term pain: Rip off that Band-Aid I say! Does it hurt? Yes – you may have to hire some people to help you out and pay the money – but think of the business health and the long term.
6. Put Processes into Protect You: With thanks to my Virtual Assistant Lauren and Simona the Accountant – like if good. They really helped me and also my business is stronger to protect against it.
7. Smile & It Happens! Don’t blame yourself or feel bad (like I did for a while). Business is hard, we often to have to make decisions with only 20% of the facts and that is life. Fix it up, move on and smile!
I trust these tips help and you may have all sorts of issues / Sins of the Past going on. Hire someone to help you, that is – their Strengths fit perfectly the Weaknesses you are trying to resolve.
Love your work, thank you for the read and you ROCK!
About the Author:
Edward Zia is a Marketing Mentor, Commentator, Blogger and 4Networking Regional Leader. He loves helping Small Business Owners kick butt with their Sales & Marketing big time! If you like what you have read, a great place to get started is with Edward’s Premium Online Community “The Awesome Marketing Vault by Edward Zia” >> Get Instant Access Here!