Entrepreneur Weekly Episode 2:Bad Company

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If it’s not what you know, but who you know, do you know if who you know is bad for you?!”

 

While ‘Bad Is the New Good’, Bad Company is not! Bad Company can be a bad business plan, bad associates and colleagues, bad employees (or a lack of them), or a bad attitude (a/k/a stinking thinking). Since most businesses fail, it’s up to you to do everything you can to survive in today’s fast-moving business climate.

First, take a look at your business plan. Don’t have one? Bad for your company! Get going on writing down your business plan. It doesn’t have to be more than a page long (unless you have a really complicated business), just as long as it covers everything you need to manage. A good plan includes all the measurable elements of how you do business. “What can be measured can be managed.”

Next, take a look at the people in your life, especially the ones that influence you. Are there folks that aren’t interested in your success (or actually want you to fail)? Get rid of them, as much as you can. It may be tough to do that if they are long-time ‘friends’ or family members. You may need to tune them out. Don’t let others discourage you, if you have a good plan.

Then, there’s employees. Got bad ones? Why keep them?! Got a lack of them? Why aren’t you hiring?! You are not obligated to everything yourself, nor are you obligated to hold on to saboteurs who create unnecessary problems for your business.

Finally, there’s your attitude and thinking. Those two things are the only things in life you have complete control over. If you’re not taking control of your thinking and attitude, you’re leaving yourself open to negative influences, bad advice, and a loss of motivation. It’s up to you to manage the six inches between your ears.

Bad Company? Get rid of it!

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