What to do when “it” didn’t work?

As small business owners we put so much effort into a project like getting a new client that it can be disheartening when the result was failure. So what happens next?

I suggest two steps.

First, ask yourself “what did I do right?”  All too often we get caught up in the blame game.  I blame others (employees, customers, the economy, the world) and most of all myself.  This becomes a vicious cycle that doesn’t make things better.  Celebrate success, even if it’s the smallest step.

Second, ask “What can I learn from this?”  Every encounter can be a teachable moment.  We can learn from the successful events, but we learn much better from the unsuccessful ones.

Lastly, put into practice what you learned.  Feedback, unapplied is just noise.  Knowledge applied leads to results.

About Joe Schmitz

Joe Schmitz has been involved in equipment leasing and finance for over two decades. Joe has a special area of expertise in the fitness industry, having placed funding in excess of 100 million dollars for small to medium sized health clubs, Joe has also funded general equipment projects throughout the United States. Currently one of approximately 200 Certified Lease Professionals (CLP) in the United States.
This entry was posted in Biz Plan, general musings, Personal financial, Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>