Itttttttt’s a wrap!

Waitaminute! What makes you so sure?

You’ve been working at this deal for awhile now. It finally looks like things have fallen into place. You are almost ready to count your chickens before they’re hatched. You’re 99% sure that the long-sought-after customer/client is, at last, in your pocket.

You’ve started paying attention to champagne ads, and checking booking schedules for that dream cruise.

Winning with the who who’s in your pocket all depends on how much you learn from past mistakes. Yes, most of us have been there at least once. It’s called:

Presumptuousness

Presumptuousness is cornerstoned by assumptions. Not a lot of architectural integrity there. In case you haven’t given it much thought lately, assumptions can be dangerous. A necessary evil, so to speak, that can often be the result of a series of correct hunches, and still be wrong.

In business, politics, and life, not many attitudes can be more foreboding.

In other words, anytime you decide that you think you know it all, you can be sure someone or some circumstance will come along and prove you wrong. It’s something like a distant cousin to Murphy’s Law.

When that dark shadow crosses your mind, stop what you’re doing. Take a deep breath. Stretch.

Ask yourself if what you believe about the outcome of that big deal looming over your checkbook’s future –or about the genuineness of the partner(s) or principal(s) involved– is based on fact or opinion.

Go back to your drawing board long enough to make sure you have some contingency plan in place to offset any pending disaster. (What’s worse than looking for a job when you have no job, or having the boat motor die miles from shore with no oars, or hosting a BBQ party and running out of fuel half-way through the steaks?)

I once hosted a huge New Year’s party that ended with guests in winter coats, hats and gloves at the punchbowl when the heating plant died in 20-degree weather. Ah,the lessons of life live and learn.)

It never hurts to follow the Boy Scout motto:

“Be Prepared!”

Or Henry David Thoreau:

“Be forever on the alert!”

Business owners make assumptions every day, sometimes every hour. It’s part of the game of business.

We need to project income and expenses, often for 3-5 years out,to satisfy prospective investors and lenders with business plan financials. We need to devise marketing and operational plan budgets farther in advance than most entrepreneurial comfort zones tolerate.

One of the reasons older entrepreneurs are typically more successful than younger counterparts is simply experience. Most business success seems to me to be able to be reduced to making effective educated guesses.

“All we ever have is limited knowledge” 

. . . that one was Einstein

So next time, you think you know who’s in your pocket, think again!

Even Presidents have learned this the hard way, presuming voter support that never materializes.

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Hal@Businessworks.US or 931.854.0474

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Thanks for visiting. Go for your goals. God Bless You.

Make today a GREAT day for someone!