Perpetual Fork in the Road

Perpetual Fork in the Road

Leadership | Posted by YouInc.com - October 23, 2012 at 12:31 pm
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Let's face it. Every small and medium size business faces challenges and meets that proverbial fork in the road at some point in its evolution. Often, growth brings a perpetual series of forks.

It is what you do at these critical times that will determine if your business will grow to be a success and achieve its vision. If you are an entrepreneur, you know how rare it is that a growing business will follow the initial plan as drawn up. That is why it is so important when you reach these forks that you step back and objectively evaluate the business, operations, personal, capital requirements, and future outlook to see if the original business plan still holds or if a strategic pivot is needed.

This kind of detailed assessment can be done internally at the management or board level or by a third party who has experience building and running successful businesses and can bring an outside perspective. What is most important is that this review is truly objective and done on an annual basis.

There is no denying that starting, building and running a successful business takes infinite amounts of blood, sweat and tears. You will inevitably make mistakes, all companies do. What is most important is learning from those mistakes to ensure your company is stronger and knows when to identify forks in the road that appear. A regular objective operational assessment will help guide your company down the long, winding, and often booby trapped road to business success.

Tags: leadership, GOAST, kirchner, objective, assessment, challenges, evolution, business, operations, personal, capital, requirements, outlook, goals

Comments
Zulubear ~ Annette Young
October 26, 2012 at 11:03 am

I really appreciate these insights. Thank you for putting into words such an objective approach to understanding hidden undercurrents that to me have at times been seen only as unexpected 'obstacles'. The way you express it frames it in a way that reminds me to pay attention to what is growing, what is working and what needs redirection. Still learning how to not take it personally when things don't follow the plan. One of my needs is to clearly find ways to marry passion with practical business concepts. I love that 'a regular objective operational assessment."


Sincerely,


Zulubear~Annette

Kirchner Group
October 26, 2012 at 5:32 pm

Thanks Annette, we are glad that you enjoyed the post. Stay tuned for more insightful content and enjoy YouInc

Kevin Tremblay
November 5, 2012 at 4:09 pm
Infinite blood sweat and fears is another way to put it. I like this one thx.
Kirchner Group
November 5, 2012 at 4:18 pm

That is definitely one way to sum it up! Thanks for the comment Kevin, glad you enjoyed the post.

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