From the first episode, you should remember I talked about the WHAT IF FACTOR. Not considering this factor is the first reason businesses suffer so much when trouble hits. Understanding the world we live in plays a huge role in knowing where we are and where we are heading.
Make some little research about Warren Buffet and Bill Gates. There is one thing you will discover. That thing is called “Understanding”. These men spend more time understanding their world than they do working.
NOTE: Every battle is won in training before it is won on the battle field.
There are several reason businesses find themselves in predicaments at several times. These reasons include:
- Lack of Information
- Lack of proper understanding about where the world is heading
- Insufficient training of employees
- Focusing on revenue instead of pursuing value
Lack of Information – Most persons haven’t trained their minds to consistently acquire information. The next level of every business is centered on information. Information is the major factor that can restore a supposedly dying business and make it even better.
Lack of Proper Understand About Our World – When attention isn’t paid to the world we live in, it becomes a problem for your business. Over the years, I have come to understand something which is, “You can’t change or avert what you don’t understand”. Every service in the world is dependent on some other service. Social media platform, Online store, blogs, etc. are dependent on the internet and if there is no understanding about where it is heading, then your business can crumble because it would be left out in terms of advancement.
Insufficient Training of Employees – It is vital your employees aren’t left out when it comes to fresh ideas and information which will help the business. Preparing them for what is to come is just like preparing soldiers to be ready for battle when there is yet none yet. Once the time for battle comes, they are going to be more than ready to handle it.
Focusing on Revenue and Not Business Advancement – Businesses nowadays are more interested in making money and not taking their business to a whole new level. Understand this; the more valuable your business is to customers, the more money you will make. So, your drive should be on value and not money.
Look at the Possible Things Which May Happen to a Business Which Isn’t Prepared for Crisis (Episode 4)
