You turn on your phone, and a familiar message flashes across the screen. It’s a request to update to the new and improved version of some app or software. You ignore it.
The next day, the same message comes up during an important meeting. And once again, you hit “not now.”
Then, a few days later, it happens again. Annoyed, you ignore the message, telling yourself that you’ll deal with it later.
A couple of weeks later, you find out that some of your friends and colleagues have certain helpful features on their phones that you don’t have, making you feel outdated. The only difference? They took action—they clicked “update.”
I was once discussing with two business partners how to upgrade their company’s technology. When I suggested we first examine their current order processing system, one partner launched excitedly into a detailed explanation of how it all works: Orders are taken by phone, then someone handwrites an order form, then it goes to billing, and so on and so forth. He explained the ins and outs of their complicated system for tracking orders, packing and shipping items at their warehouse. Read more
Tell me if this sounds familiar.
You planned a Monday meeting, but the time arrives and you’re busy or tired, and you decide to reschedule for Tuesday. On Tuesday, something important comes up, so you reschedule for the next day. Before you know it, Friday rolls around and you still have not had that meeting, so you postpone it until the following Monday.
The cycle continues, until you actively decide that enough is enough, and you’re going to make that meeting a priority.
As entrepreneurs, our greatest strength can also be our greatest enemy.
A friend and fellow entrepreneur (let’s call him Daniel) recently came to me for advice on setting focused, clear goals for his business.
He had so many ideas, and there was so much he wanted to do, but he couldn’t seem to get anything to the finish line. He felt like he was all over the place.
Basically, it was the typical story of every entrepreneur. I told him that he’s not alone—that he suffers from SOS.
A few years ago, investors and analysts had put brick-and-mortar companies like RadioShack and Best Buy on a death watch. There seemed to be no way they could compete against the giant Amazon—with its famously low prices, virtually limitless selection, and two-day delivery options—and come out alive.
Living up to expectations, RadioShack filed bankruptcy in 2015—and again in 2017, after a futile attempt at reviving itself.
Meanwhile, Best Buy managed to pull off one of the strongest corporate comebacks in recent history.
The question on everyone’s mind is, Why?
The calendar has recently turned, and, with the change in year comes one constant: people setting grand resolutions and failing spectacularly.
No, this isn’t some deep-seated lack of faith in humanity – it’s fact. Research shows only eight percent of people actually achieve their New Year’s resolutions. This failure has, unfortunately, become so comically commonplace that it’s expected.
The question is, why? Read more