BUSINESS CHALLENGES: How to Face Them with Confidence

If I say “business challenge” what comes to mind? Most people have a negative connotation of the word “challenge”. But we know that with every challenge comes an opportunity.

Think of meeting a challenge as facing a crossroads in your path. Take one direction and the outcome will likely be A; take the other and the outcome will probably be more like B.

In order to reach the best decision, you must be clear about your Long Term Vision and Goals. Only then can it be a sound point of reference for decision-making. If clarifying your Vision and Goals is one of your challenges, you might consider working with a trusted advisor or coach. Operating without a Vision and Goals is like setting sail without a destination port.

Considering Vision and Goals before reaching a decision will not only make the decision easier, it will become an opportunity to take an active, positive step toward them.

Here are the questions to ask when identifying a challenge.

–          How does this challenge affect my Long Term Vision and Goals for myself and my business?

–          Based on that, what are the most logical options to resolve the challenge?

–          What will be the probable outcomes of each of my options?

By answering these questions in sequence you’ll have the most critical point of reference at hand as you’re considering your options and their ramifications. You’ll obviously want to select the option that will most favorably affect realization of your Long Term Vision and Goals.

Sometimes challenges are such that your Vision, Mission and Goals will need to be rethought.

Faced with a challenge to go out on his own when his partnership fell apart, John Douglas, had to rethink his Long Term Vision and Goals. He was one of two architects who had built their business on mutual interests, without consideration of how each would function in the business. When they realized they were at an impasse, they decided it was better that each go his own way.

By taking the time to review what he wanted for himself and how the business could be a vehicle for him to express his best self, he found it easy and rewarding to clarify and write out his Long Term Vision and Goals. He now can face other challenges with the confidence that he’ll have this as his guiding light for making any decision.

The final decision for any challenge, of course, is just the beginning of the next phase – Goal Setting, which is then followed by Planning, Taking Action and Evaluating Results.

As you can see we’re bringing the challenge into the Planning Cycle.

By considering the challenge against a meaningful outcome, we now know what questions to ask and how to determine what needs to happen in order to keep on track toward Goal Achievement. Use of Short Term Goals creates interim milestones that tell us we are on track toward our Long Term Goals and Vision.

Identify the challenges you currently face. Write them out, prioritize them and consider the likely options against your Long Term Goals and Vision.

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TALK ABOUT YOUR CHALLENGES:

Are you serious about resolving your challenges with a positive outcome? Are you open to discussing how coaching might accelerate your progress?  Let’s spend half an hour talking about what your want for yourself and your business. Just talking about it will bring things into focus and help you get on track. There’s no charge and no obligation. Send me an e-mail and we’ll schedule a mutually convenient time to speak.