Doing business is just like being in a battle field. It is of course not similar to playing sports. In sports, if you loose the game, you may have a chance to play it again in the next session or in subsequent years. In business, the risk can be very high. There is a chance that if we fail once, we may not have another chance to try again in the future. The risk can be very great. Usually those who have succeeded in business, they treat the business like being in battle field. Of course, being in the battle field you have to be alert and vigilant at all time... 24/7, no excuse can be given. Because of this, you may tend to become tired and exhausted and will be looking forward to rest and have your time-off from these situation. Yes! We can have a rest and clear our mind from these headache when the business is running in the right direction and managed by appropriate team.
I have tried this before, but it seems it was not matured enough. And of course I do not think that I have succeeded in this! But it was a good learning process.
For this reason, I need to look back at the history and try to have a genuine reflection on all of the events.
There are so many bad habits that can bring down the business. It can easily bring down any businesses no matter how big or how strong they were. Only the speed and the way how they fall only may differ.
We will try to look into this issue from time to time. I will also elaborate here the contents of the book "How The Mighty Fall" by Jim Collins. However to start with I will list down two bad habits that can be very dangerous and fatal for the business. This is from my own findings. The higher the ranking of the members in our company to have these bad habits, the more risky it will be.
(i) Chasing the uncertainty. The action is done based on uncertainty. Chasing the "mirage" (A mirage is a naturally occurring optical phenomenon in which light rays are bent to produce a displaced image of distant objects or the sky.) (Fatamorgana). Many actions were done and decisions were made based on assumptions. (Of course, it was a positive assumptions). If we are having this habit with us, better to discard it as soon as possible and if we have advisers having this habit, better take appropriate actions urgently.
(ii) Too pessimist. Being too pessimist will drag the movement of our business. We will not be able to move to any places ... because all directions seem dangerous.
Of course, you will be pondering, how is it possible for us to have these two contradictory values in one person. Yes, you are right.
This can only happen if you have different partners/ advisers/ top leaders in your business having these two contradictory bad habits....one person is having one habit and another one is having another..... then it can make you in a very bad situation.
And of course, to treat these condition needs something strong (if not miracle).
