3 WAYS SUCCESS CAN BRING FAILURE


It might be tough to understand that success can bring failure yet there is a high possibility for this. Businesses come in different forms and success itself is relative. This doesn’t change the fact that the sole purpose of running any form of business is to make money and even when your business seems to be a success, the wrong actions and strategies can lure setbacks out of your business. Unmanaged and untamed success can eventually go from doing well and bringing in profit to doing a great deal of harm.

SOLE DEPENDENCE: success comes with growth and growth comes with experience. When your team or staff brings you success and profit, it is important not to stay too dependent on them. At some point, someone is bound to leave or ask for a raise you cannot afford. There needs to be a backup plan. Have in mind that you wouldn’t have someone’s brain and expertises forever. Train newbie from time to time, pass down knowledge from one person to another and avoid making someone the sole brain behind anything because no matter the success they bring, their leaving is bound to bring failure to your business or company.

UNMANAGED GROWTH: when you feel your business is established enough and you begin to nurse the idea of expansion, wrong management is another easy way to draw failure from your past success. Acquisition of assets you are not necessarily in need of and those you do not have enough capacity to manage efficiently are some of the ways unmanaged growth can bring failure. Before you hire more staff or buy more assets, be sure you have management strategies in place so as to avoid future failure. Failing to plan is planning to fail.

CONSIDERING SHORTCUTS: looking for shortcuts and alternative ways to do something that should be done is certain ways are prone to bringing success that doesn’t last. Companies that are found of bypassing the normal methods of execution most times feel they have achieved success but when these methods boomerang, they end up at the bottom pit. Shortcuts are easy ways to success which always bring failure and lost along with them.

Being successful is mostly never enough, the ability to sustain your success and the strategies that needs to be put in place to ensure your success is not short lived are crucial.