Don’t Let Your Needs Cloud Your Judgement

Your Clarity and Understanding Will Help You Make The Right Decisions

Entrepreneur to acknowledge that the solution in front of them may not be ideal. They ask themselves, “We can’t afford the level of employee that we need. This person has some great qualities but some large gaps. Is it worth our time to help them develop?” They understand that there are gaps that must be managed. Instead of leading to frustration, this can lead to a concerted and productive team effort to get the resource to perform.

“Don’t ignore the facts in front of you.” 

  • Employees. When you understand the gaps of a new employee, you can make a concerted effort to train them or build process to expose them to the skills that they need.
  • Vendors. If you are concerned about a vendor’s quality or ability to perform, create a regular process such as a weekly check-in meeting to hold them accountable. Set the tone from the beginning that you expect a weekly written report on progress.
  • Customers. You may have to take on customers that are not ideal—they don’t pay you enough or are not in your target market. However, they provide revenue that you desperately need. Ask these customers if you can use them as a reference. Ask them if they will participate in your product development effort. Ask your customers if they have anyone they would be willing to refer you to.
  • Investors. When you desperately need capital, it’s easy to choose investors who will give you what you most need—money. Without a clear perspective, however, you may be choosing partners who are deeply misaligned with other goals and long-term needs. Establish regular, transparent communication with this investor. Have candid discussions about their goals, your own goals, and design a plan that serves both of your needs.

For entrepreneurs, the early stages of building a business are particularly challenging, simply because you lack resources, established customers, relationships, capital and employees. But in the end, your perspective is everything: you can choose to ignore harmful deficits and continue to “want to believe.” To believe that the employee is right. To believe that the vendor will perform. To believe that the investor will fund. To believe that the customer will sign on. Or you can acknowledge this ineffectual perspective and turn the temptation to look the other way, or see what you want to see, into a chance to involve your entire team in better decision-making. You want to believe. The sooner you realize this about your-self, the sooner you can address this natural tendency and turn a frustration into a win.

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By | 2019-10-03T08:49:27-04:00 October 3rd, 2019|Daily Perspective|1 Comment

One Comment

  1. Ryan K Biddulph October 11, 2019 at 3:01 pm - Reply

    This is excellent advice Michael. If we make decisions solely based on needs, we vibe from fear, and get less than optimal results. Think, feel and act abundantly, by having a vision, and become a successful entrepreneur.

    Ryan

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