Several events have happened in our world which has helped reveal the strength of businesses at every point in time. Some businesses don’t make provision for systems which helps continuously make their services available without any physical presence. Even supposedly big businesses that provide merchandising service get to be at the same level with small retail businesses when there is an issue that requires lockdown especially when it is global. This has proven that most businesses don’t work on repositioning themselves in times of challenges.
The “What If” Factor
The question “What If” has helped save the world in different areas. You may be lost for a moment but just stay with me. Most of the time, we focus on results without considering factors which may stand as barriers to stop us from achieving these results. Innovators have over the years used the WHAT IF FACTOR to evaluate repercussion of an idea and also to help provide solutions which have transformed our world for the better.
When people complain about their business being held down by certain factors, I wonder if they thought business was a bed of roses. Every wise businessman or woman understands that over time there are going to be challenges which will hit their businesses so hard. They prepare for these seasons using the WHAT IF FACTOR. Although, that may not be the name they give to theirs. So long as you are preparing to do business, you must be ready to face economic, environmental, social challenges, and any other kind that is thrown at you. Businesses have gone out of the market because they didn’t know what to do when faced with these problems.
Wisdom demands you pay close attention to everything which could crumble your business if they happen. After considering these things, the next thing to watch out for is, how do I reposition my business to handle challenges (Episode 2).
