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Saving A Stalled Business

March 20, 2014

RainbowsMeandBonnie

As I glanced out the barren window view where grey sky meets grey snow, through the kaleidoscope from yesterday’s Women TIES event, the colorless view turned to swirling pink, yellow and red as the crystals within the kaleidoscope changed position. All of a sudden I remembered the wisdom from yesterday’s speaker say “Sometimes when our businesses aren’t working well, we have to step back and get another view to move onward.”

Just like winter’s beautiful pristine look fades to grey, so can the excitement in running a company. It’s natural for a mundane feeling to overcome an entrepreneur especially if they’ve been in business awhile or when the business seems to be stalling or failing. Yesterday’s speaker Bonnie Phelps from Baked Euphoria shared what she did to add color, light and zest back into her company and her own entrepreneurial life which included creating two signature products a rainbow cake and swirled cookies. I wanted to share her wisdom with my readers today:

* Sometimes an entrepreneur simply has to take the time to step back and refocus on their mission, passion, purpose and start again. We need to remember who we are and where we want to go with our enterprises and rekindle the light.

* Just like friends don’t stay forever, either do businesses. If you get to a point where you feel you can walk away from your business and not miss it, you need to carefully consider what your life will be like without it. If the future seems too bleak without it, then you must make necessary changes today to revitalize and save it.

* Sometimes what an entrepreneur needs most with a stalled business is an attitude adjustment. The business may be running exactly the way it was suppose to or has always run but the entrepreneur might not be happy anymore. Sometimes it’s up to the business owner to change her response to the business for it to have a better outcome.

* If you see someone else running a successful business, seek their advice on how they are making it successful. Most women business owners like giving advice to other women to help them.

At any point in time along the entrepreneurial journey, we can step back and obtain a new, fresh view of our business. If you find you need help, buy yourself a kaleidoscope and use it every day until a new, colorful image of your company comes into focus.

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One Comment leave one →
  1. March 20, 2014 3:42 pm

    Reblogged this on marysfairytaleweddings.

    Like

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