Ah today I had to make a decision fast as time does not give me any opportunity to manouver. If I made a decision hours later, I will be losing hundreds of dollars. Yes just one decision. Sounds like playing the stock market yah.
Fortunately for me its only in the hundreds. But what about the big players, they lose at times millions of dollars. So how does an Entrepreneur bear with such problems. Ahh you know if you can’t handle such situations well, you may end up in depression.
Having a positive mind really helps but through experience that would help you make DECISIONs that will ease the problem.
For my case its my workshops. You know some months you can get over 16 students, some months 5 students and today one confirm another sign up but haven’t paid and another just couldn’t take leave. So Murphy’s Law – where everything will go wrong will go wrong have just happen..
So what will you do to solve this problem?
Simple. Always have a back up plan written on paper. When this does not work then you do this and when that does not work you do this. If you need to have Plan C, D, E or F..CREATE THEM COS YOU WILL NEED ONE.
That is why people say IF YOU FAIL TO PLAN YOU PLAN TO FAIL..
All I can say adapt and change and be ready to initiate your back up plans if need to..
If you don’t you will know that you are going to lose more thank you think. So take the steps to lower the risk. Even though Entrepreneurs are high risk movers, we have to be good planners too.
So for todays workshops. I have cancelled the class at Chong Pang CC and moved it to my office. The students will be learning from their own laptops. If you are coming for my class, please note to bring your own laptops and head to Tanjong Pagar, 25 Peck Seah Street #07-08.
See you there.
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Yep times are bad….. company jux went through manpower reduction…… more work coz less people…..so adaptation is the name of the game! Pls keep me update for the nex course……
Will do. See you soon.