CEOs, presidents and business owners often seek out the experts in order to run their business in a smart, efficient and profitable manner – and to avoid making any unnecessary business mistakes. These experts often tell business people what to do and how to do it. Because they are experts business people often accept what they have to say.
But should you as a business leader be that agreeable to embracing such information all the time?
The answer is: No.
If you listen without using good common business sense you can put yourself and your company into an unexpected, unwanted business situation. Perhaps even the worst case scenario of a terrible financial situation.
Just because someone claims to have business expertise doesn’t mean they have the right and best answers for you and your company.
As a CEO, president or business owner, you know your business better than anyone else.
Don’t ever let anyone sell you an idea that just doesn’t feel right. Before you make any drastic changes in your business:
- Always think it through
- Consider any unintended consequences
- If possible, test the idea to make sure it will work before you fully embrace any major changes
- Always have a back-up or an exit plan – just in case for those “what if” situations that can and do occur even with the best business plans.
If along the way, you do make a mistake in your business take ownership of the mistake. Set the example with those you work with and were involved in the process not to finger point or lay blame where it does not belong. Then get back to business doing what you do best: running your business. Just remember to never make the same business mistake again.
To your success!