There are many requirements to growing a successful business and one of them is making a decision and acting on it. Opportunities may be lost while a “do or not do” decision is contemplated. Don’t be afraid to jump in and test the water!
While risk is part of small business growth, many of the opportunities with which a small business owner is presented don’t necessarily have to do with a financial risk. In many cases the thought of “what if it doesn’t pan out” becomes the reason why the entire idea is shelved.
Sometimes you have to take a leap of faith to grow your business!
If it sounds “too good to be true” it does not always mean that it is not true. In your daily business encounters you will meet many people who may present an idea, a product or a service, which, in your mind, could not possibly perform as the presenter tells you. Unfortunately, that person may have been the one that came into your life to help you take your business to the next level.
Why are so many small business owners afraid to try something different? I have been told that because of the many “scams” that promise the world and only end up costing a lot of money, there is no trust in anything that is presented. Does that equate to not driving anymore because a drunk driver may run into you? The answer is an obvious no; you will continue driving because you need to do that in order to get to your next destination. Yes, you will be extra careful, but you will be out on the road.
Due diligence is critical, but my suggestion is to be open to all possibilities. As a small business owner you may think you know “everything about everything” especially the best way to grow your business. The reality is that approximately 90% of small businesses, including commission sales people, will fail. My 30 plus years in working with and learning about small business success and failures have led me to a simple conclusion: Failure is also caused by not believing in others and by trying to do everything alone.
Success is a choice and opening your heart and mind to accept support and help, at least to consider the possibilities, may be the missing ingredient you have been looking for.
Tips & Advice by Nick Petra, CFP – Founder of Strategic Duck and BizQuack
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