Tuesday, October 19, 2010

Principal: History

One thing that many business owners do not take into account enough is their history and learning from it.  When you consider how your history affects your future potential, you can better see why it is essential for this to be something you pay a good amount of attention to.

Do you learn from history? 

Many of us will recall the times when our parent’s scolded us.  “Don’t do that again!”  “Learn from your mistakes.”  All of these things are very important in the business world as well. 

In this principal that is crucial to your business’s success, you do need to take into consideration your past and where it has been to help you to figure out where you and your business are going.


Questions To Consider
Now, to get started with this principal, take into consideration these questions.
  1. Where have you been and what have you learned?  When you think about the past, determine just what it means to find success in this way.  What background do you have that has taught you something that could play a role in your life and well being today?
  2. What have you learned from mistakes?  Every entrepreneur makes mistakes as they are working through their business.  No matter if you are brand new or a seasoned pro, mistakes can happen one time for many reasons.  But, the difference is if you allow it to happen again.  If not, then you can find success much easier and faster than if you repeat the same mistake time and time again.
  3. What do you wish you would have done differently?  Regrets do not have to be wasted this time.  As an entrepreneur, you may have several regrets in mind.  Perhaps you feel as if you have lost a great deal of time getting your business up and running.  Now, take this regret and determine what you would do today.  Would you start your business sooner?  Put more into it sooner? 
Understanding these aspects of your past can help you in the long term.  Of course, we do not want to keep making the same mistakes, but there are not many business owners that do this.

Instead, most of us will learn from our mistakes but only if we take the time to look at them and see what they were and how they could be avoided.

Your history is solely yours.  Whether you look at a personal life history and your business or just the business alone, it is essential to stop and look and learn.

Making mistakes today is not easy to do.  No one wants to do it, but if it does happen to you, do the following.
  1. Recognize that something did not go right.  Do not get angry about it (if possible!) and realize that something went wrong.
  2. Determine what it was and determine how it happened.  Getting the full story, learning the whole puzzle will allow for better understanding.  Learning how it happened allows you to see in full detail what the mistake was.
  3. Decide to improve your chances of not letting that mistake happen again.  To do this, insure that you spend the necessary time making decisions to avoid this problem.
All Histories Are Not Bad
It is important to note that history does not always have to tell you the bad side of things.  You can and you should see the good things that have happened in your history as well.  What was it that got you to this success level that you are at today?  What was it that makes that first sale happen and happen so well?

Taking a look at the good things that have happened in the past is part of the principal of looking to the past for answers of your future.  They allow you to see a true benefit to the good that has happened in your business.  You may even be able to take note of the way that the good has happened to make it happen again and again into your business’s future as well.

When you take the time to analyze all of the good and the bad that has happened in your past, you can make sure that the benefits come through in the future while the mistakes do not. 

As part of your future success, you must understand your history and how to secure the future through this huge amount of knowledge that you have.  Believe it or not, this is a personal touch and experience no one else can have.

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