ou have three brains competing in your head.
All three are valuable. But only one of them holds the keys
to thriving in tough economies.
If you let the other two dominate, be prepared
to struggle.
The visionary Entrepreneur asks, "How can we make/do this
better? What is the market demanding?"
The pragmatic Manager asks, "How can we systemize this? How
can we control the chaos?"
The hard-working Technician asks, "How can I get the
Entrepreneur and the Manager to leave me alone so I can just do it how I want
to?"
During recessions, cash isn't king; innovation is king. The
companies who adapt and shift resources the quickest crush slower but more
capitalized companies.
"But trying new and different things is risky."
Not nearly as risky as maintaining the status quo, crossing
your fingers, and hoping that the economy will turn around.
"Think of risky undertakings
as 'experiments.' Regardless of whether your experiment succeeds or fails,
you're going to learn something useful." -Roy H. Williams
Change is Your Friend
The Entrepreneur faces reality and acts boldly. He's never
content with stagnation or mediocrity. He thrives on growth and creation.
But growth requires change, and Managers and Technicians
detest change.
You've heard it before: "If you do what you've always done,
you'll get what you've always gotten."
Are you content with your current results? If so, stop
reading this and get back to work.
If not, what are you going to do about it? Are you going to
wait for the stars to align? Are you going to let external circumstances
dictate your results?
Or will you take charge and keep innovating until you figure
out what works? What other option do you have?
"To improve is to change; to be perfect is to change often."
-Winston Churchill
What Do You Have to Lose?
If your business is declining or simply maintaining, then
what you're doing isn't working.
So what do you have to lose? Money? You're losing money
already--and you're only going to lose more the longer you wait.
This doesn't mean you blindly throw stuff up against the
wall and hope something sticks; innovation need not be reckless.
It means you set your box aside and brainstorm long and free
to think in ways you've never thought before. It means you dig deep and analyze
market trends. It means you execute, watch your data, then shift your
strategies based on what the data tells you.
The Manager and Bean Counter in your head will warn, "Now,
let's not be hasty. Those new ideas don't have a track record. We don't know if
they will actually work."
Never let your skeptical Manager make strategic decisions
when decline is imminent and change is required.
Put your Entrepreneur in charge. You may get a few scrapes
and bruises along the way, but he won't quit. He'll pull you out of the
wreckage of temporary failure time and time again. And eventually, you'll
succeed. It's inevitable.
"The Entrepreneur is the visionary in us. The dreamer. The
energy behind every human activity. The imagination that sparks the fire of the
future. The catalyst for change. The Entrepreneur lives in the future, never in
the past, rarely in the present. He's happiest when left free to construct
images of 'what-if' and 'if-when.'" -Michael Gerber
The "Box" is Your Enemy
We were recently in brainstorming
mode while consulting with a company.
We
threw out idea after idea after idea, only to be immediately shot down
on each of them by one of the owners. She was in Manager mode, so she
only saw all the reasons why we couldn't do them.
Whether or not the ideas are feasible isn't the main problem in this scenario. The problem
is the endemic skepticism. The immediate discarding of any idea that's even
remotely outside the box.
Our question for the owners was, "Okay, if not all the ideas
we've presented, then what? How will you grow? What are you willing to do
differently than anything else you've ever tried? Because everything you've
tried in the past isn't working."