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  • Article Check - Business Best Practice (2) Succeed More Often by Anticipating Problems/Preparing Backup Plans

    Making Your Business Safer - Robbery Prevention
    With holiday shoppers out and about in record numbers this season, many restaurants and retail establishments are thriving. Unfortunately this also is an ideal time for robbers to prey on unprepared businesses. We've put together a special reminder for business owners in hopes of lessening the chance that harm comes to your hard working employees and management teams.Preventing a robberyHave at least two employees open and close the business.Do not release personal information to strangers.Keep purses and personal valuables locked in desks or lockers.Install a robbery alarm.Place a surveillance camera behind the cash register facing the front counter, with a monitor facing the customers to let them know they are being monitored.Vary times and routes of travel for bank deposits.Don’t use marked "moneybags" that make it obvious to would-be robbers you are carrying money for deposit.Keep a low balance in the cash register.Pla
    inals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their S

    Goals or Wishes?
    Goal setting has to be one of the most common phrases when setting out to gain more business. We all dislike the planning process that happens in large corporations. It seems that the goals are set and nothing really happens to fulfill them. The goals we need to set are goals for obtaining a number of business contacts that can lead to a business relationship. Goals for the number of contacts you need to make in order to gain one business relationship may vary from industry to industry. When working with professional sales staff, I find that some firms have a six to one ratio before a sale is made. In other cases it may be one hundred to one (which is fairly high). Your goals should state how many business relationships you want to form per business quarter. If you do it monthly, you may be setting yourself up for failure. In my business, the ratio is fairly high for consulting but fairly low for selling books. My goals may be to gain three new consulting contracts and sell 300 bo
    Note: This article is an excerpt from my Entrepreneur's Survival Reference E-Book Self-Help Manual titled "25 Avoidable Mistakes No One Will Warn You About In Starting Your Own Business"(in which "Failing To Prepare A Backup/Alternative Action" is one of the 25 mistakes discussed). As a result, you will find that illustrations used are more relevant to persons starting up their businesses. Having said that, the ideas proferred here can be easily adapted for use in any other business situation.

    Do You Have Backup/Alternative Action Plans For When Your Business Suffers Unexpected Setbacks?

    One way to succeed is to work hard at not failing by always anticipating problems before they occur” – Peter Drucker

    Certain successful entrepreneurs are reputed to be uncomfortable with "good times" i.e. when everything appears to be going "smoothly". According to one book I have read, these individuals formed this habit as a result of past experiences, when such "good times" in their businesses were followed by a string of unexpected setbacks. Their experiences apparently "trained them" to be sensitive to unseen but possibly impending problems or "danger". During "good times" therefore, instead of relaxing and celebrating, they quickly develop/implement strategies aimed at addressing the problems they anticipate or fears they have.

    Having Back Up Plans Can Help You Reduce Your Frequency Of Failure

    Having back up plans will not guarantee you absence of failure. But it can ensure that you reduce the frequency of your failures, and/or don’t record avoidable failures. In addition, the back up plans will enable you bounce back quickly from your setbacks. And that is of utmost importance. As most of us must have heard at one time or the other, it’s not falling down that matters. But being able to get up and keep going every time you fall down is what really matters. Backup plans will enable you do this much more easily, effectively and frequently.

    Developing back up plans will help you prepare to deal with any suggestions of delays, disappointments or failures that might occur. It will make it easier for you to keep a positive outlook when things appear not to be going well – because you will be confident in the knowledge that you have an alternative plan(s) already in place.

    How To Develop A Backup Plan

    So how do you draw up your plan? Simple really. Just ask yourself questions. Imagine you are not you. (It’s easier than you think, I assure you). Just try and imagine that you’re one of those “nay-sayers” or unbelieving people who question your sanity, possibly because they do not understand your business idea. Then proceed to generate the kinds of questions(or reasons/arguments) you think they would come up with, to prove that what you want to do cannot be done.

    It might not be a bad idea to actually approach these individuals with the objective of deliberately getting them to discuss their thoughts about your ideas with you. Be smart about it. Make it look natural – start a conversation and gradually steer it to the subject you want them to comment upon.

    Very often I have found people like this especially eager, and they relish the opportunity to tell you why they are right and you are wrong to try doing it the way you intend. Never mind all that, just "record" all you can and then withdraw to generate action plans that will help you effectively ensure that those reasons they’ve given/questions they’ve raised, can be effectively addressed through the action plan you will develop.

    Next, decide on the order in which you will implement items in the action plan you have come up with. Then commence doing so. As things progress, depending on your judgment of whether or not the plan you are working is doing well, you can then initiate implementation of other plans. You will find that some of your plans will require you to seek assistance of certain individuals at short notice. If possible plan ahead and hint them that you might need them. Members of your mastermind alliance(especially those who do NOT take setbacks or problems too seriously) could prove useful in these circumstances.

    How Having A Backup Plan Helped Me Win A Speaking Invitation

    When I first started out in business in early 2002, I had just finished writing my latest management research paper titled “Self-Development As A Tool For Achieving Career Advancement(A Practical Guide Based On Experience)”. I recall vividly that after reading through my work on that paper, I repeatedly told my wife, brother, friends – and all who cared to listen – that I believed it was my best work so far. I also told them I was convinced I could win the next Nigerian Institute of Management’s (NIM’s) Young Manager’s competition (I had placed fifth in the National Finals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their Se

    Clothing Store Fixtures
    Clothing store fixtures help increase the sale of clothing. This also helps to bring in more customers. Mannequins and forms are used as clothing store fixtures. There are different types of mannequins and clothing forms.Mannequins are made of different materials including wood, wax, fiberglass and plastic. Some mannequin store fixtures are set in one pose while some have adjustable arms and legs. The most common type of mannequin used in clothing business is life size mannequin. Torso mannequins are used to display shirts and blouses. Mannequin store fixtures are available for male, female and children in different sizes. Different models of mannequin store fixtures are hands on hip model, hands by side model, ethnic model and sandy series model.Classic forms of mannequin store fixtures are made of natural wood bases. Mannequin head displays are used to display hats or wigs. Full round mannequins are used to display clothing in an inexpensive way.Clothing forms are ligh
    erefore, instead of relaxing and celebrating, they quickly develop/implement strategies aimed at addressing the problems they anticipate or fears they have.

    Having Back Up Plans Can Help You Reduce Your Frequency Of Failure

    Having back up plans will not guarantee you absence of failure. But it can ensure that you reduce the frequency of your failures, and/or don’t record avoidable failures. In addition, the back up plans will enable you bounce back quickly from your setbacks. And that is of utmost importance. As most of us must have heard at one time or the other, it’s not falling down that matters. But being able to get up and keep going every time you fall down is what really matters. Backup plans will enable you do this much more easily, effectively and frequently.

    Developing back up plans will help you prepare to deal with any suggestions of delays, disappointments or failures that might occur. It will make it easier for you to keep a positive outlook when things appear not to be going well – because you will be confident in the knowledge that you have an alternative plan(s) already in place.

    How To Develop A Backup Plan

    So how do you draw up your plan? Simple really. Just ask yourself questions. Imagine you are not you. (It’s easier than you think, I assure you). Just try and imagine that you’re one of those “nay-sayers” or unbelieving people who question your sanity, possibly because they do not understand your business idea. Then proceed to generate the kinds of questions(or reasons/arguments) you think they would come up with, to prove that what you want to do cannot be done.

    It might not be a bad idea to actually approach these individuals with the objective of deliberately getting them to discuss their thoughts about your ideas with you. Be smart about it. Make it look natural – start a conversation and gradually steer it to the subject you want them to comment upon.

    Very often I have found people like this especially eager, and they relish the opportunity to tell you why they are right and you are wrong to try doing it the way you intend. Never mind all that, just "record" all you can and then withdraw to generate action plans that will help you effectively ensure that those reasons they’ve given/questions they’ve raised, can be effectively addressed through the action plan you will develop.

    Next, decide on the order in which you will implement items in the action plan you have come up with. Then commence doing so. As things progress, depending on your judgment of whether or not the plan you are working is doing well, you can then initiate implementation of other plans. You will find that some of your plans will require you to seek assistance of certain individuals at short notice. If possible plan ahead and hint them that you might need them. Members of your mastermind alliance(especially those who do NOT take setbacks or problems too seriously) could prove useful in these circumstances.

    How Having A Backup Plan Helped Me Win A Speaking Invitation

    When I first started out in business in early 2002, I had just finished writing my latest management research paper titled “Self-Development As A Tool For Achieving Career Advancement(A Practical Guide Based On Experience)”. I recall vividly that after reading through my work on that paper, I repeatedly told my wife, brother, friends – and all who cared to listen – that I believed it was my best work so far. I also told them I was convinced I could win the next Nigerian Institute of Management’s (NIM’s) Young Manager’s competition (I had placed fifth in the National Finals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their S

    Newspaper Vending Machines
    Newspaper vending machines are used for the sale or distribution of newspapers, periodicals, and commercial flyers. Most machines have a currency detector that verifies if the amount of money deposited is sufficient for the buying of the desired newspaper. Newspaper vending machines are reliable, easy to service, and easy to locate. They give you an exceptional return on your investment.Newspaper vending machines are commonly found on every street. The location is the key factor in the success or failure of newspaper vending. Generally, newspaper vending machines are placed in busy and high-traffic locations such as near restrooms and public transportation stations. The most common newspaper vending machine is an enclosed box having a locked door. It can be opened after depositing coins in a coin mechanism on the machine.Most newspaper vending machines are equipped with a computerized control and an infrared (IR) communication transceiver. The machine has a dispensing housing t
    ple really. Just ask yourself questions. Imagine you are not you. (It’s easier than you think, I assure you). Just try and imagine that you’re one of those “nay-sayers” or unbelieving people who question your sanity, possibly because they do not understand your business idea. Then proceed to generate the kinds of questions(or reasons/arguments) you think they would come up with, to prove that what you want to do cannot be done.

    It might not be a bad idea to actually approach these individuals with the objective of deliberately getting them to discuss their thoughts about your ideas with you. Be smart about it. Make it look natural – start a conversation and gradually steer it to the subject you want them to comment upon.

    Very often I have found people like this especially eager, and they relish the opportunity to tell you why they are right and you are wrong to try doing it the way you intend. Never mind all that, just "record" all you can and then withdraw to generate action plans that will help you effectively ensure that those reasons they’ve given/questions they’ve raised, can be effectively addressed through the action plan you will develop.

    Next, decide on the order in which you will implement items in the action plan you have come up with. Then commence doing so. As things progress, depending on your judgment of whether or not the plan you are working is doing well, you can then initiate implementation of other plans. You will find that some of your plans will require you to seek assistance of certain individuals at short notice. If possible plan ahead and hint them that you might need them. Members of your mastermind alliance(especially those who do NOT take setbacks or problems too seriously) could prove useful in these circumstances.

    How Having A Backup Plan Helped Me Win A Speaking Invitation

    When I first started out in business in early 2002, I had just finished writing my latest management research paper titled “Self-Development As A Tool For Achieving Career Advancement(A Practical Guide Based On Experience)”. I recall vividly that after reading through my work on that paper, I repeatedly told my wife, brother, friends – and all who cared to listen – that I believed it was my best work so far. I also told them I was convinced I could win the next Nigerian Institute of Management’s (NIM’s) Young Manager’s competition (I had placed fifth in the National Finals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their S

    Bulgarian Property Hotspots
    So much has been written and said about the current prospects for the investment property market in Bulgaria now that the nation has joined the European Union; opinion ranges from those who believe the hike in property prices prior to EU accession represented the majority of the positive adjustment due in Bulgaria, to those who are certain that property prices could now mirror those of other recent EU entrants where prices doubled following accession.Some emerging hotspots are Veliko Tarnovo, which is a stunningly beautiful town with amazing architecture and great tourism interest; located in the north of Bulgaria, it is a definitely one of richest cultural locations in Bulgaria.The city of Stara Zagora occupies a strategic and important location in the country and is one of the most important economic hubs in Bulgaria. Located in central southern Bulgaria, Stara Zagora is a central hub for regional, national and cross border transportation. Varna, on the Black Sea coast is a
    ill implement items in the action plan you have come up with. Then commence doing so. As things progress, depending on your judgment of whether or not the plan you are working is doing well, you can then initiate implementation of other plans. You will find that some of your plans will require you to seek assistance of certain individuals at short notice. If possible plan ahead and hint them that you might need them. Members of your mastermind alliance(especially those who do NOT take setbacks or problems too seriously) could prove useful in these circumstances.

    How Having A Backup Plan Helped Me Win A Speaking Invitation

    When I first started out in business in early 2002, I had just finished writing my latest management research paper titled “Self-Development As A Tool For Achieving Career Advancement(A Practical Guide Based On Experience)”. I recall vividly that after reading through my work on that paper, I repeatedly told my wife, brother, friends – and all who cared to listen – that I believed it was my best work so far. I also told them I was convinced I could win the next Nigerian Institute of Management’s (NIM’s) Young Manager’s competition (I had placed fifth in the National Finals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their S

    The Joint Venture Analogy
    Imagine my doctor sending out an e mail to all his patients, offering them a discount on hip replacements for November. Or the Network Marketing lady who walked into my seminar in a hotel in Abbotsford and announced that, after looking at the palm of my hand, I was deadly ill and needed her supplements. She added that this would also make me financially secure, implying that I was not financially secure. She had never met me and was not even a part of my seminar audience!This is not all that uncommon – attend most “Business Networking Events” and you will find a bunch of self-employed salespeople thrusting their business cards at each other and proudly broadcasting their “Elevator pitches” to all and sundry, whether they want to hear it or not. They might as well go from door to door selling brushes to people who don’t need them or want them.Joint Venture experts have an entirely different approach; they are like my doctor. He sits quietly and asks questions and listens to me.
    inals on my debut in 1997).

    So I began making enquiries about the competition, but was told the programme was not yet out. Something however began pushing me to make alternative plans to get my paper in front of the leaders of thought in management who I believed would be able to give me useful feedback. One evening I sat down and began writing down the names of organisations/individuals who I felt would be able to give me authentic and useful criticisms. People like Dr. J. Y Maiyaki, Director General of Center for Management Development, and many others.

    I prepared letters to each of these people, and hand delivered them with a copy of the neatly spiral bound paper to their offices. My objective was to use that paper to draw attention to myself with respect to my work on Self-Development Education. That was between January and late February 2002.

    Some months later it became obvious that the NIM competition would not hold, so I was glad I had implemented my other plans. But not as glad as I was when in August 2002, I got a visit from the Training Manager of the Center for Management Development (CMD) who wanted to know if I could meet with them for a discussion, towards leading their September 2002 staff seminar by delivering my paper on Self-Development Education at their main auditorium.

    After about 3 meetings, agreements on honorarium to be paid, event date and time, etc were reached, and on Wednesday 25th September 2002, I successfully delivered a one-hour talk to an audience of over 100 persons including directors and other staff, in the CMD’s main auditorium.

    (Read my article titled "I Flopped Badly At The National Finals!(A True Story About How NOT To Prepare For/Deliver An Important Presentation)" to learn more how I used learnings from a botched presentation during the 1997 NIM national competition - that took place 5 years BEFORE - to successfully deliver my presentation at the CMD's Staff Seminar in 2002 without a hitch, despite a potentially destabilizing power failure occurrence).

    Summary

    Aside from positive verbal and written feebdack(I got back over 80 of the speaker evaluation forms I circulated to the audience, with an average rating of 4 - on a scale of 1[poor] to 5[excellent]) the CMD also sent me a letter of appreciation some weeks later. I actively used this successful CMD outing to gain credibilty before other decision makers including: a Management Consultant who would later invite me as a paid External Speaker to deliver a paper I titled "Interpersonal Effectiveness(A Real-World Relevant Approach") - based on my experiences in paid employment - to management trainees just recruited into a leading fast foods company located in Lagos.

    Did I achieve my objective of getting myself and my work noticed/acknowledged by leaders of thought in my niche or area? Yes I did. But I had to pro-actively develop(based on actively observing trends of events, and considering their possible implications) and implement an alternative plan in place of the one I had originally started out with. Be prepared to do that when(NOT if) the need arises.

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