Manage risk, financial risk, reputation risk, market share risk, relationship risk, shareholder risk, the risks of risks, the risk of focusing on risks, the discussion of risks, the endless what if's that stall our journey risk.
Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
February 20, 2020
February 7, 2018
Life is Risky Business
Manage risk, financial risk, reputation risk, market share risk, relationship risk, shareholder risk, the risks of risks, the risk of focusing on risks, the discussion of risks, the endless what if's that stall our journey risk.
Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
September 10, 2016
Facing Danger
Manage risk, financial risk, reputation risk, market share risk, relationship risk, shareholder risk, the risks of risks, the risk of focusing on risks, the discussion of risks, the endless what if's that stall our journey risk.
Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
October 8, 2014
The Memes of Risk
Manage risk, financial risk, reputation risk, market share risk, relationship risk, shareholder risk, the risks of risks, the risk of focusing on risks, the discussion of risks, the endless what if's that stall our journey. Perhaps we perceive it will be difficult or worse, not successful. We often fear our own abilities and guts to take that ride. One of the worst emotions I think we can possess is regret. The idea we didn't act on can often be the one that stops the flow. The safety of inaction becomes our comfort zone.
Risk often focuses on what will, would, or could go wrong. It's a preemptive strike, a proactive measure, to protect the outcome. The biggest risk is when we use it to endorse inaction. I know of what I write only too well. Maybe you can relate.
The biggest risk is the bet we fail to make on ourselves.
__________________________________________________________________
Kneale Mann | People + Priority = Profit
walpaper
June 5, 2011
Best Laid Business Plans
You Need a Plan
With few exceptions, no one ever becomes wildly successful without some sort of - albeit flexible - business plan. You need to set realistic actionable objectives or you will get lost in tactics. Crashing and burning are often the next step waiting for you.
I've always prescribed to the "strategy before tactics" mantra. You need to set 2-3 objectives for the next year and then build out necessary activities to ensure they are accomplished. Simon Sinek changed that when he reminds us that we need to know why we're doing any of it in the first place.
A Plan is Not Enough
Business plans don't have to be verbose literary masterpieces which no one will read, never mind execute. They should be clear and the content should point to what the company actually wants to carry out. But like mission statements, they are often created with the best of intentions in a controlled environment known as a boardroom.
Business objectives should include realistic market perspective, company financial realities and unbiased summation of stakeholder talent. Anyone can say "make more money this year" but can you really pull it off when you take into consideration your products or services, competitive situations and appropriate cash flow.
How can you ensure your business plan doesn't go sideways as soon as the reality of life hits it in the face?Kneale Mann
image credit: youintegrate
September 24, 2009
Do You Have A Strategic Plan?
One Third WinThe numbers are slightly different depending on the study, but the number of businesses that launch then thrive is quite small. About 30% of all new companies actually see their way to black ink.
Why Is That?
I have worked on fifty-page Strategic Plans, it's a lot of work!
It requires people and meetings and the result is an extensive blueprint for the next fiscal year. For the most part, the Plan was followed and people were held accountable. Each tactic had dates and money and people attached to it so the Plan could be realistically and properly executed.
I would often test people’s knowledge of the Plan by asking them if they could recite our Three Strategic Objectives. Most did well on that point. But when it got to the tactics and time lines and who does what by when, their ability to recount the Plan began to decline.
But you don't need a fifty-page Plan to succeed. Trust me! Those things were behemoths. No wonder no one could remember what was in them.
Why do companies fall short of their goals?
Focus
This is often a catch-all that isn’t given the attention it deserves. If you’re in a well financed start-up, it can be intoxicating. Ideas are following, people are happy and it’s exciting. But once the balloons deflate and the actual real work begins and you experience that first difficult client, things may begin to wobble.
Market
It’s even more essential that you are aware of your market. That includes where you are geographically, the industry you are in, what your competitors are doing and the never ending changes in customer desires and demands.
A Plan is not something you put in a pretty binder to sit alongside previous years' Plans to simply collect dust.
Homework
No matter your industry or role, you need to be constantly educating yourself on opportunities and trends. We have the world’s largest encyclopedia at our fingertips but how many of us end up at the same websites every day?
Accountability
This has always been a hot button. It looks good on the wall or in your company propaganda or on your website. “We’re accountable!” Are you? In order for this to gain traction, everyone in your organization must be accountable to everyone in your organization. No exceptions.
Execution
Plans are useless without action. If you take the required time to set out a Plan, then actually carry it out.
I’m a guy, I hate reading instructions but I have often destroyed a purchase because I didn’t read the sheet of paper with the thing I needed to assemble. That is why the instructions are there. That is why you galvanize a Strategic Plan.
Then you do need to be nimble so you can react to opportunities that may not have been there when you developed your Plan. You won’t be able to do so if everything you do is by the seat of your pants.
Communication
This is the largest reason companies fail. We can discuss this at length another time but it is monumentally imperative that you keep clear collaborative communications open with everyone in your organization or the clock is ticking.
Fear
We are human beings. We mess up. We mean well. We have the best of intentions. But we miss steps and get frustrated and get filled with self-doubt which stops us from getting there. And we forget to ask for help!
Am I way off the mark?
What are your thoughts on this?
knealemann.at.gmail.com
image credit: postyourtest.com
