- How to asses credit risk of customers
- How to achieve continuous improvement
- How to read a Profit & Loss Statement
- How to empower employees
- How to read a balance sheet
Some decisions may not be your best but you will be able to forget them after a while and move on. Some other decisions can haunt you for a long time and even end up making you question your business leadership skills.
Let’s take a look at some such decisions:
Not Choosing Discipline
If you don’t choose to be disciplined now, chances are that you will regret it later. “I wish I had. .” is a very painful thought. Stand still for a moment and think of times that you did something else instead of doing what you now wish you did. You may not even remember what you chose to do because those things are just not worth it. Are you really where you wanted to be 5 years ago?
After that, come back to the present and look at where you want to be 5 years from today. Are you working towards it? Yes, this will make you work hard but that hard work is satisfying. Regret is not.
Giving In To Your Fears
Courage is not the absence of fear but rather the judgment that something else is more important than fear.
You don’t need to be fearless. You just should make sure that these fears don’t get the better of you and hinder your business growth strategies. There are people who get excellent startup business ideas but don’t execute them because they are scared of failing. Such fear can cause you to make decisions that you will regret forever.
Staying In Your Comfort Zone
This has been the reason for regret for many startup founders over the years. Once we start getting familiar with something, we start getting comfortable. That comfort keeps us trapped and doesn’t let us try new things. After a point, this hinders growth. Thus, if driving profitability is your goal, you have to get out of your comfort zone.
Not forgiving someone will make matters worse for you. Don’t resent, don’t be bitter, and don’t be jealous. All these feelings will damage your soul and sadly for you, will have no effect on anyone else. Let go, not because they deserve it but because you deserve some peace.
To nurture your startup business ideas and to ensure that you lead an almost regret-free life from now onwards, take steps and make thoughtful decisions.
Some decisions can cause trouble, making you regret your actions in the future. While instincts can be trusted at times, always going by what your perspective is, may land you in trouble. Think before making quick decisions.
Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net