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"One needs to be armed with information in order to successfully navigate any venture. Information is your compass. If you know better, you will do better."
Mo Abudu, founder and Chief Executive Officer of EbonyLife TV
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How often as an entrepreneur do you find yourself spending precious time re-hashing mistakes or bad decisions you have made - over and over again? You are not alone! It seems that one of the hardest things for entrepreneurs to do is to stop pressing the replay button and to let that mistake or decision go once it has been made. It’s all about mindset - it’s important to learn from our mistakes and our errors of judgement, but then to move quickly on, incorporating those learnings as we go. As tech entrepreneur and founder of Dell Technologies, Michael Dell, says: “Recognize that there will be failures, and acknowledge that there will be obstacles. But you will learn from your mistakes and the mistakes of others, for there is very little learning in success.” Something to remember when you are tempted to press that replay button in your head and relive your latest mistake.
Have you noticed that when it comes to looking after our health, we don’t think twice about visiting our doctors or wellness clinics and getting our regular health checks, just to make sure that everything is in good shape. So why don’t we take the same approach when it comes to looking after the health of our businesses on a regular basis? A good regular business health check means you can stay on top of what is and isn’t working, what the biggest challenges are, where the majority of income streams are coming from, and what is working best with your marketing and communications activity. It all helps to ensure you are getting the most from the business. The other benefit from this approach is that you can also have a ‘fun’ check, seeing where you got the most enjoyment from the business in any given month - after all, we all embark on this crazy entrepreneurial life not just to make money and make a difference, but also to enjoy the lifestyle and freedom that comes with it.