Most business owners I’ve come across approach their business from the bottom up… “Where’s the problem in my business and how am I going to fix it?”
This is great, sometimes.
Recently I was running a session in my Board of Directors course when it became very clear that the conversation was being approached from the wrong direction, and while people were really engaged in the detailed conversation we couldn’t create a strategy from the bottom up.
We shifted the conversation to simply ask:
- What are we aiming for?
- Is the current market big enough to achieve this?
- What is the best strategy to achieve it?
Within half an hour we’d sketch out a strategy that could never have been created from the bottom up.
There’s a place for both types of thinking, but bottom up only works after some effective top down.
Recently I had an interaction with someone in a business I own.
Recently we were making a major decision in MedRecruit for a very important leadership role in the recruitment team.
If you go to almost any personal development or business seminar, the presenters will share stories of failure leading to triumph.
It’s not a shop, it’s not online, it’s not Amazon or eBay or Trademe.
Survival isn’t necessary.
Is it meeting specification?
“You don’t choose the life of being an entrepreneur, it chooses you,” is something I found myself saying to a young entrepreneur the other day.
Dissatisfaction is a common state for entrepreneurs.
Fear of failure is a common reason many people don’t start things.
Failure is inevitable.