Applying Life Lessons to Small Business

Parents to teenagers and young adults know that there are some lessons that only living life can bring us. Life lessons learned through living life are valuable, and they are hard to teach to teenagers because some teens think they have the answers to everything. However, experience can offer up gems of information about what is truly important in life and how to enjoy each moment as it comes.

What are some of the lessons that life teaches us?

1. Life isn’t fair, but it is still good.

How many times have you heard your child or teenager say to you, “but that isn’t fair!” The truth is that life isn’t fair. Life happens as it happens, and you need to learn to roll with the ups and downs and continue on your journey. If you can take each moment as it comes, then you can appreciate the good, survive the bad, and continue on your way.

2. When in doubt, just take the next small step.

Many of the big decisions in life can be broken down into small steps that are easy to accomplish. Each time you have a big project or decision in front of you, you can make it easier to understand by chopping it up into small tasks. Then, do each task one at a time until you complete the whole.

3. Don’t take yourself so seriously. No one else does.

Humor makes life more tolerable both in good and bad times. If you can learn to live life with humor, including your own foibles, you will relax more and stay healthier. Laughter is a stress-reducer and can help keep your craziest days sane.

4. Overprepare, then go with the flow.

Since nothing ever goes exactly as we plan, it is important to prepare for contingencies. If you are ready for the worst, then you will be able to move in various directions when reality hits. You can plan to the Nth degree, but once your event or project is in motion, you cannot stop it. Going with the flow and learning to be flexible will keep you on top of the situation (as much as that is possible).

Applying Life’s Lessons to Business

Running a small business is fraught with surprises, changes, and learning curves. Many of the lessons that apply to life, in general, can be applied to running a business. Small business owners are responsible for everything that occurs in the whole of their business, and it is nearly impossible to predict what each day as a small business owner will bring.

If you can enjoy each part of your business, sharing what you know with your customers and employees, and reaching out to your community to connect with people through your business, you will enjoy life’s journey. Business isn’t always fair, but if you put your heart into it, it will be good. Your customers and employees will see how you run your business, and they will respond. When in doubt, just take the first small step, and you will be able to accomplish whatever goals you set for your business. Don’t take your business so seriously. No one else does. Run your business with a good sense of humor and your customers and staff will join in laughing with you. Overprepare, and then let your business take you where it will. You will discover new dimensions to your niche that you may never have known before and you will have an exciting, fulfilling journey.

Goals are Not Just for Sports

In school and at work, we are often told to create goals and to strive to reach them. After all, achieving our goals is a measure of success and a method of how to pursue our dreams. Goals are a big part of managing marketing and sales in most companies, and they are the markers of who is producing and who is not. Not everyone has the same training in hitting goals, however, nor do goals create motivation for everyone.

What Can We Learn from Goals in Sports?

The easiest way to demonstrate goal setting is to look at sports. Every sport’s goal is to win. Goals can be achieved through hitting a ball out of the park, into a net, throwing it into a basket, or even by racing to a finish line. Most of these goals are made from years of preparation, training, and study of the game they represent. No athlete achieves success without that training, no matter how easy the achievement looks to the spectator. Athletes work through injuries, bad days, failures, and practice. Achievements are the culmination of hours and hours of work.

Obstacles

The point of a goal is to help you achieve success even with the stumbling blocks and barriers that stand before you. A goal is a guiding light to keep you on your journey or path. Henry Ford said that “Obstacles are those frightful things you see when you take your eyes off your goal.” The obstacles will always be there to keep you from making the goal. You may not have the experience, the education, or the opportunities that your peers or competitors do, however, you can still achieve your goals if you are willing to keep working towards them.

Applying Goals to Business

Like sports, business goals can be short-term or long-term. For instance, you can have a goal of getting ten items completed by the end of your work day. A long-term goal is becoming the top business in your category in the city by 2020. The key is establishing goals that are reachable, measurable, and trackable so that you can follow your progress as you work towards the goal.

While wanting to be the best business in the city by 2020 is possible, a more reasonable goal is to triple your income from your business by 2020. With this goal, you can create the steps that will lead to the goal, and measure your progress as you continue your journey. You will know when you hit your goal by the numbers you achieve without any arbitrary or ambiguous measurements.

How to Keep Your Goals in the Forefront of Your Mind

Weekly meetings to keep everyone on your team on track may be boring, but their function is to make sure the team members are still striving towards group goals. You can do the same with your personal business goals. Remind yourself daily what goals you are working towards and what you need to accomplish that day to move in the right direction. Remember that keeping your eyes on the goal will help to remove the obstacles.

Failure Is an Opportunity: The Positives That You Can Learn From a Good Day Gone Wrong

Nobody ever plans on failure. When you wake up in the morning, ready to start another rough day at the office, you don’t think to yourself "Oh boy, I really can’t wait to screw up that big project today." Failure is something that tends to happen, despite the best of intentions. In those moments of darkness, it’s easy to let setbacks both large and small get you down. However, a quality that all real leaders have in common is that they don’t dread failure at all because they know that it is inevitable. Failure is only truly a negative thing if you fail to seize the opportunity of the unique learning experience you’ve just been presented with.

Failure Helps You Combat Momentum

One of the most common reasons why failure sometimes rears its ugly head has to do with something that can often be your biggest strength – momentum. As the machine that is your business grinds along, day after day, you begin to get into a "groove" thanks to our old friend momentum. Productivity is on the rise; you’re producing adequate results, and you’re well on your way to meeting your deadlines and satisfying clients. Then, disaster strikes. Maybe a finished product isn’t nearly where you need it to be, or a mission-critical process has broken down. This is where momentum works against you sometimes – because you were riding the wave of that groove, you likely overlooked small problems earlier on before they had the chance to become much bigger ones in the present day.

This is where failure becomes your best friend – it forces you to stop and think about everything that led to this moment. What along the way caused the failure that you’re experiencing right now? It likely wasn’t anything that happened this morning, or last night, or even earlier in the week. It was probably a series of small decisions made weeks or even months ago that snowballed into your present situation. With failure, you have an opportunity to look back and see things in a much clearer way. You can make a note of certain decisions you made that didn’t quite pay off in the way you thought they would and, as a result, are ones that you’re not going to make again in the future (or at least you shouldn’t).

The Benefit of Hindsight

An old saying tells us that hindsight is 20/20. Many people think this is an ironic statement – because you can’t go back in time and change the past. You’re forced to live with the knowledge that the failure you’re experiencing is one you created yourself. Instead, look at this saying as a positive thing. Hindsight may not allow you to change the past, but it IS a powerful tool that you can use to positively impact the future. This is the core of what learning from failure is all about.

Think about it this way: your mistake may have cost your business X number of dollars today, but it also helped you save a much larger amount of money on an ongoing basis because you had a rare chance to learn and improve in a way that wouldn’t have presented itself otherwise. Learning from failure, therefore, becomes incredibly positive, as you’re investing in the future of both your company and your career with the lessons you’ve learned today.

These are just a few of the reasons why failure is only a negative thing if you allow it to be. Sure, you had expectations that you’ve set for yourself and others that you didn’t meet – feeling disappointed or even upset in these moments is natural. But failure is nothing if not a great opportunity to stop, reassess, and bounce back even stronger. Failure is natural throughout all points in life. In biology, every time you exercise your muscles begin to break down. However, they then rebuild themselves stronger than they were before – this is how we get more fit. There is absolutely no reason why the same shouldn’t be true in the world of business.