The Five Fallacies Of Business
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Free Download - The Five Fallacies Of Business By Riley Cardwell |
Business has rules. Experts have advice.
And yet every now and then someone ignores the experts and flaunts the rules and succeeds.
Are the “tried and true” rules in business always correct? Or are there some common misconceptions that would be better ignored than followed?
The fallacy of expertise – How often do we follow someone’s advice simply because they or someone else labels them as expert?
Just because someone has a degree or wears a uniform doesn’t necessary mean that they know what they’re doing. All physicians have degrees and licenses, but are they all equals in knowledge and levels of ability?
Of course not. Let’s be clear – expertise can be valuable if is authentic. Often times common sense equals or exceeds the advice of so-called experts. Stop, think and ask yourself, “does what they’re saying make sense or not?
The fallacy of failure – People avoid failure and mistakes like the plague. Yet we cannot learn if we don’t make mistakes.
A recent study revealed highly successful executives making the correct decisions in business only 51% of the time. That’s all they needed to be right to win!
Learn to see failure as a learning and strengthening process. See failure as good, not bad. Remember that being right only half the time will put you in the winner’s circle. Start failing today so you can start succeeding tomorrow.
The fallacy of waiting for the perfect time – We hear that timing is everything. And so we wait for the right time to enact our vision or desires.
Yet there is no time like the present. The perfect time often never comes. Ready, aim, fire is the drill in target practice. In business, ready, fire, aim is closer to what really works.
Some people wait for the right time. Others make now the right time. Patience is not always a virtue. Seize the moment. You don’t have to wait until everything is just right. Don’t let perfect ruin good enough.
The fallacy of believing you can know what’s ahead – How often have we thought we knew what was ahead, only to be fooled? Should we be planning for the future at all?
The key is to plan for several possible futures. Then, execute passionately. Marginal tactics executed well will almost always outperform brilliant tactics executed marginally.
Don’t value planning for the result: the plan – value the process.
The fallacy of planning your future – Given that’s it’s true that we can rarely know what’s really ahead, is there a constant? What can we count on?
Smart business people know that they and their employees are their most valuable assets. Outstanding people who fit your basic, broad vision will tend to make the right decisions along the way, not by following the plan so much as by using their skills.
Look for people who are highly skilled, intelligent, and adaptable and who value and use common sense. Hire and nurture these people. They are the ones who will be able to take your company where you want it to go. Remember, don’t plan your future – plan your people.
As we have seen, not everything is as predictable as we have been taught to believe. Planning is not a science, but an imprecise art. Value the art of the imprecise plan and watch your business prosper.
The Five Fallacies Of Business - To learn more about this author, visit Riley Cardwell's Website.
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Michiel JonkerAs a Certified Information Systems Auditor, Michiel assists businesses in a professional capacity by evaluating the threats to their businesses. He acquired the necessary knowledge, skills, and techniques to minimize a business owner’s risk of business failure and to maximize his chances of high growth and success. He strongly believes that you CAN maximize your chances of business success, by implementing the business solution he has advocated for more than 12 years in your business plan and planning. Michiel has decided to share his experience with business owners by putting almost everything he knows in a business plan and survival guide (compiled in an e-book format) and written as a high growth SMB coaching course for SMB business owners, directors and managers - titled as the “Survival Kit for Small and Medium Businesses - Profit from your Business Risks!” According to Michiel, his goal was to add new techniques to a business owner’s business planning survival kit and instruct him or her in using these in the future - without any help from a consultant! For more information about the benefits of implementing profit protection planning in your business, please visit: http://www.business-around-the-globe.com - Visit Michiel Jonker's Website |
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