{"id":349,"date":"2010-08-16T13:42:34","date_gmt":"2010-08-16T19:42:34","guid":{"rendered":"http:\/\/www.abonarconsultants.com\/blog\/?p=349"},"modified":"2010-08-16T13:42:34","modified_gmt":"2010-08-16T19:42:34","slug":"failing-for-success-the-anomalies-of-business","status":"publish","type":"post","link":"https:\/\/www.abonarconsultants.com\/blog\/2010\/08\/16\/failing-for-success-the-anomalies-of-business\/","title":{"rendered":"Failing for Success? The Anomalies of Business!"},"content":{"rendered":"

Great team, great leadership, tremendous skill and a 1st<\/sup> place finish in the regular season. We had everything we needed to win the title this year, but we got knocked out in the semi-finals. What happened? We played well but still lost. Sometimes you can\u00e2\u20ac\u2122t explain the dynamics of sports and just like in business things don\u00e2\u20ac\u2122t always go as planned. So what next? What do we take from this failure? What\u00e2\u20ac\u2122s most important is realizing that failure is \u00e2\u20ac\u0153part of the game\u00e2\u20ac\u009d and not to dwell on the \u00e2\u20ac\u0153loss\u00e2\u20ac\u009d. Instead it\u00e2\u20ac\u2122s important to learn from these experiences, what you did well and what could be done better next time. It\u00e2\u20ac\u2122s how you respond that matters.<\/p>\n

There are a lot of competitors out there and you\u00e2\u20ac\u2122re constantly trying to figure out how to put together the right pieces to achieve success. You have to continually evolve and change as time goes by. For example, the playoffs are a different game than the regular season. It\u00e2\u20ac\u2122s a higher tempo game with tighter checking and less room for error. When things are going well, you don\u00e2\u20ac\u2122t think you need to change things up and individuals often get complacent. But when competitors come out with new ideas, technologies, or more efficient ways of doing things, it might be too late to respond. You always have to remember. What works now, doesn\u00e2\u20ac\u2122t guarantee success in the future. \u00c2\u00a0You have to continually try to improve, even when things are going well. Focus on improving your weaknesses and build from your strengths. You have to be able to adapt. When the competition knows what you\u00e2\u20ac\u2122re doing, you need to change things up.<\/p>\n

Business, like sports and many other things in life, involves success and failure. After speaking to a lot of business owners, I realized that almost every single one of them had experienced a business failure at one point in their careers. \u00c2\u00a0What was common between each one of them was that they didn\u00e2\u20ac\u2122t give up. The lessons they learned from their \u00e2\u20ac\u0153losses\u00e2\u20ac\u009d were valuable in helping shape their actions in the future. And they didn\u00e2\u20ac\u2122t blame their failures on bad luck. There was always something they could have improved on or done differently. They also didn\u00e2\u20ac\u2122t make excuses. My hockey team was short players, but that\u00e2\u20ac\u2122s part of the game.\u00c2\u00a0 There are always things that are out of your control. A downturn in the economy, new competition and many other variables can negatively affect your business but great companies are prepared for these risks.<\/p>\n

It\u00e2\u20ac\u2122s important not to let a business failure deter you from trying again. I know my father was involved in a business early in his career but after it failed he never talked about business again. It just wasn\u00e2\u20ac\u2122t him. He wasn\u00e2\u20ac\u2122t a risk taker and didn\u00e2\u20ac\u2122t want to risk failing in another business so he went back to his 9 \u00e2\u20ac\u201c 5 job. I\u00e2\u20ac\u2122m not saying it\u00e2\u20ac\u2122s a bad thing. Business isn\u00e2\u20ac\u2122t for everyone and given the high failure rate of businesses it\u00e2\u20ac\u2122s reasonable to be cautious. But if you want to succeed in business, you have to realize that it won\u00e2\u20ac\u2122t come easy and failing is a realistic possibility.<\/p>\n

Over the years, I’ve realized the path to success is often failure and it\u00e2\u20ac\u2122s the lessons learnt that are key to success in the future. So keep your chin up guys, we\u00e2\u20ac\u2122ll be back next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Great team, great leadership, tremendous skill and a 1st place finish in the regular season. We had everything we needed to win the title this year, but we got knocked out in the semi-finals. What happened? We played well but still lost. Sometimes you can\u00e2\u20ac\u2122t explain the dynamics of sports and just like in business…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[79,31,29,80],"class_list":["post-349","post","type-post","status-publish","format-standard","hentry","category-business-motivation","tag-achieving-success","tag-business","tag-business-obstacles","tag-lessons-learned"],"_links":{"self":[{"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/comments?post=349"}],"version-history":[{"count":2,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/349\/revisions"}],"predecessor-version":[{"id":351,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/349\/revisions\/351"}],"wp:attachment":[{"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/media?parent=349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/categories?post=349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abonarconsultants.com\/blog\/wp-json\/wp\/v2\/tags?post=349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}