#1 -Try Everything
This is one of the greatest lessons I have ever learnt in business. The advice is based on years of speaking to experienced business owners. They have proved invaluable in my business journey.
I was with a highly successful business owner who had a class restaurant, a hairdressing salon and beauty centre. A formidable amount of funds had gone into each business venture and it might seem to some that there might be a loss of focus.
The truth is that after a few years, he started struggling. The restaurant haemorrhaged money and eventually slowed down to a complete still. Throughout these difficult times, the owner focused on his other businesses with a big smile on his face. The restaurant eventually stopped trading and incidentally I was there when it shut its doors to customers for the last time.
There were smiles everywhere. It looked like he had simply lost a pen or an inconsequential item. I was confused. When I asked him, this is what he told me: “In business you must be willing to try everything. I have lost this one but I have other ones” Nothing he said afterwards was as deep and profound as the first comment he made. I stood in awe of him.
Try everything? Why not? Starting a business is a risky venture in the first place. Once you have started, why not be prepared to take some more calculated risks?
Whether you have a restaurant or hotel and you spot a business opportunity in Oil and Gas, with proper research and asking the right questions you must be prepared to take the risk and jump into the business. Nothing wrong with that.
Even within a single business, trying everything is a characteristic of the MOST SUCCESSFUL business owners. It is important however to mention that DOING EVERYTHING is different from TRYING EVERYTHING. The former will surely cause you burnout and loss of focus.
So, go out there and take a risk.