WAYS TO BOUNCE BACK FROM SETBACKS IN WORK AND BUSINESS FOR STUDENTS WHO ARE ASPIRING TO BECOME BUSINESSMEN EXPERT OPINION
View(s):Every businessman works towards a common purpose, which is often defined by the values and mission of the organisation. Few companies were highly successful in their businesses despite our country’s economic crisis, in recent times. They kept on marching to accumulate profits, which made them victorious, successful, and jubilant.
However, for most companies, the devastating economic crisis has ultimately resulted in running the business or enterprises at a loss and, thereby, their inability to continue with their employees, businesses, or enterprises.
Whether you are happy, anxious, puzzled, troubled, sad, demotivated, worried, depressed, or feeling negative, keep on working. I strongly believe that “Work is sacred” and have experienced that “Work is the best antidote for all problems.”
Also, “ do not trouble the trouble until the trouble troubles the trouble.
Let me share my experience with you to overcome this dilemma that you are in and that will propel you to move forward to regain profits and go in search of excellence.
EMPLOYEES ARE THE TOWERING STRENGTH OF ORGANISATIONS
You need to do and expect quality work from your employees which should have the highest quality and standards. The most important task is to “maintain your standards”, in work and business to be a successful businessman. You need to provide direction to your staff and expect diligent, dynamic, dedicated, disciplined and determined work from them. You have to identify your employees’ hidden and innate talents and assess their capabilities. You need to judge them on the following: “What are they capable of doing?” and “How far can they go?” and assign tasks accordingly.
CHANGE MANAGEMENT
Change is inevitable. For me “Change” means “growth and Prosperity “. In business or work you need to “anticipate changes”, “accept the changes” and “adjust for the changes”. As entrepreneurs and businessmen the best way is to “create changes”. The changes that you create proportionately reflect upon your business. You also need to be an effective communicator to succeed in business.
To be a “successful communicator” you need to get the feedback from your staff.
When conducting Brainstorming sessions, you need to be “proactive” and not “reactive.” You must deal with your employees’ emotions, and you need to be a versatile leader to manage any issues, problems, and even crises and conflicts. Hence, you need to be a “Master in change, crisis, and conflict management.”
In my humble opinion “Self-Mastery” is the forte of dynamic, vibrant and versatile leaders.
To be an effective leader you need to manage your time wisely and have in-depth knowledge on your business as well.
CONQUER YOUR FEAR
“Fear of failure” is something that will halt your business attempts and avoid creativity and innovation. In business, you need to be courageous, creative, innovative and maintain the highest standard to succeed in business.
POINTS TO KEEP IN MIND
Do not sell flour during the windy season and do not sell salt during the the rainy season. “It is highly recommended that you do the opposite.
OVERCOME HURDLES AND OBSTACLES
If the obstacle is underneath you then jump over it. If it is above you then crawl underneath. Generally, people do the other way around, which you should not do. Keep in mind that all problems are there to be resolved, and obstacles are there to be overcome.
OVERCOME FIXED MINDSET
Do not have a rigid mindset. Rather be open to your employees and be very flexible in your approach to them. You should have a “growth mindset”, to succeed in work and life. Always have a curious mind to “learn and grow”, which will brighten your life.
Always be an agile learner and avid reader, creative and innovative, and expect the same from your employees.
STAY AHEAD OF COMPETITION
The first step to staying ahead of the competition is to know your customer inside and out. You need to understand their needs, plans, pain points, goals and preferences. You also need to keep tract of their behaviour, feedback and satisfaction.
Always, keep your competitors on their toes.
TAKING RISKS TO GAIN PROFITS
Risk taking is a key part of entrepreneurship and it can lead to financial rewards, competitive advantages and industry recognition. However, it is important to assess and manage the risks involved to gain profits in business. Hence, “taking calculated risks” can be recommended for you, as it can help you to learn new skills, gain experience and advance your career. It can also help you to build resilience, confidence and respect.
THINK EXCELLENCE, THE WAY FORWARD
To move forward in business, always think excellence. Always focus on “quality” and “standards”, to be the “market leader”, in your business industry.
CONCLUSION
Always do your best and manage your people, time, resources and business effectively and efficiently. Meet the challenges boldly and navigate your business towards success. Failures are part of success. Hence, bounce back from setbacks, like a phoenix.
Be an exemplary business man and reach the higher echelons in work and life.
Wish you success in your chosen endeavours.
Keep moving. Move forward in the right direction at the right time.
Happy Sailing!
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