Should We Follow Our Gut
March 7, 2009
Business Coach Chuck @ 973-670-7215
Whether we follow our gut or a well structured plan actually depends upon how well we have practiced successfully what we have a hunch about. If we have successfully gotten the result we want in something we have a hunch to do, then there is a good chance that following our “gut” is a good idea. What we are actually following here, however, is muscle memory. We are following a well structured plan that we have practiced so much it has become a hunch.
Even in cases where we have had great success, however, the caveat to following our hunch is to be observant of reality. One guy had a great investment strategy that had worked well for him. Then, he bought six stocks in a row that went against him. He became stubborn because of his previous success and did not recognize that the experience he was having with the six bad trades, was a foreshadowing of a changed market. Consequently, he lost a lot of money. So, no matter how good we have been, be open to reevaluating the facts in light of new information.
In summary, if you are in the zone, stay in the zone, but when results begin to vary, adjust quickly, let go of the hunch to move on to something new or different.
Family and Small Business: Effective Relationships
December 19, 2008
A happy family is 80% support and 20% accountability.
A successful business is 80% accountability and 20% support.
In other words, in a happy family, if a family member has a bad day, home is a place to retreat, renew, refresh and be loved regardless. In a successful business, if a member has a bad day, week, quarter or year – we want to know why and how is that going to be different next time. In a healthy family, a reasonable dose of accountability keeps us from enabling self-defeating behavior. In a successful business – there is enough support to let the individual know that they have a team behind them. It’s the proportion of one to the other that distinguishes the personal from the professional.
When these proportions get altered significantly, dysfunction erupts. If one feels like home is too demanding, then joy leaves one’s life while if the work place gets “too understanding” of failure then, well, failure results.
No wonder then that family businesses are often such treacherous places. Without clear distinctions between work and home, families and or their business can fall into disarray.
The same thing is often true of small businesses, where relationships within the business may begin more personal than business.
Working with families and small businesses to create healthier relationships for happier personal lives and more successful businesses is a very high priority with Coach Chuck.
Business Coach Chuck @ 973-670-7215
Attention Deficit Disorder Re-defined for the Business Owner
December 18, 2007
(Don’t worry this is a short article)
Move Over Attention Deficit Disorder -
Here comes the The Multi-stimuli Reactor/processor Business Owner!
(Okay, so sometimes it does get disordered, but we can deal with that – That’s why we have employees!)
As a Business Coach of Small and family businesses I’ve found a disproportionate percentage of clients that, were they in school today, would be labeled ADD. Maybe they were labeled that in school. Maybe you were too. If so, doesn’t it just piss you off that other people don’t think as fast as you do, and then they can’t keep up with you and then they come up with labels to call you because you don’t do things like them.
On the other side, it is also true that this kind of thinking often leaves many things undone, plans with loose ends and a frustration of incompleteness. As with most things, there is a multitude of ways to deal with this. Seldom, however, is the best way to try to stuff yourself into everybody else’s box. Let’s be real. That’s why you are in business for yourself in the first place … there is not a box big enough for you. When some one suggests thinking out of the box, you may very well reply, “What box?”
If this is the case, then building on your strength of being a (let’s ditch the A.D.D. label shall we?) Multi-stimuli Reactor/processor Business Owner, usually requires:
- an acceptance of one’s self, and
- a recognition that we need to hire someone who tilts toward the organizational end,
- but that person also needs the people skills to interpret your vision, and delegate while you are off making tracks in still new directions. [This obviously requires tremendously careful selection in hiring for that particular position as well as absolute mutual respect for differences. This person may have a label or two of his/her own!]
Ok. That’s it. I’m done. Bye … I see you’re off already. Gimme me a call, I can help.
Coach Chuck
Business Coach Chuck @ 973-670-7215
