How to Recover from a Bad Business Decision
- Wednesday, June 20, 2012
5. Play Mrs. Nice Guy. Women often have excellent intuitive and social skills, which work in our favor in business. We develop relationships, make people feel comfortable and we truly desire to help others. But we tend to be too nice, showing empathy and granting extensions and exemptions to employees and vendors. Sometimes it’s our compassion that leads to a nice big mess in business. This is my biggest downfall. This is where I let my feelings take over at the expense of my business. This is where I forgive and forgive and forgive (letting the resentment and frustration build up inside).
Proceed with Caution!
Now it’s time to set boundaries. Once you figure out your weakness (like hiring someone you know from church who promises to solve all your problems), then set up a structure in your business to protect your interests. Maybe it’s a contract or written agreement. Or perhaps it is a financial incentive for finishing the job on time or within budget. Be very clear about what you understand and agree to, as well as what the deliverables and deadlines are. Then put checkpoints in place to re-evaluate and reassess.
This is what it means to put on our “big girl panties” and act like the businesses owners we are! It’s not easy, and I certainly haven’t perfected it, but every time we stretch ourselves in the entrepreneurial role, we learn and grow. And if you truly believe that your business is part of God’s purpose for you, then he will equip you with the confidence and courage to lead and serve as he has called you to do.
Now it’s your turn: have you made a bad business decision that taught you a lesson? Share your insights with us!
Theresa Ceniccola is a mother, writer and entrepreneur with a passion for connecting other Christian women and helping small business grow. As a marketing and PR professional, she launched TGC Communications, LLC in 1994 and has been working from home to serve clients and follow her passion while raising a family. She is also co-founder of www.writetohealth.com, a guided journaling practice dedicated to helping people discover the health benefits of writing. You can connect with Theresa on her blog at www.theresaceniccola.com.
Publication Date: June 20, 2012
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