I want to share an important example; Thomas Cook & Son was a very large travel firm, ( had their own travelers checks and in my opinion, were bigger and better than American Express) it also was tied into Wagon-Lits/Cook ( the pullman trains that were the major transportation mode in Europe. I speak from experience as my father, worked for this firm as general manager for Central and South America.
Today you can find a “Cook’s” office in some of the major cities around the world, but the name and company is not longer prominent.
As a large and very well financed firm they felt everything was going there way. When airplanes first arrived on the scene, management was informed that they were the wave of the future. The top heavy management hardly looked at the recommendation and the rest is history. My father related this story to me, about the lost opportunities because the firm was to big to change and to make decisions that required radical changes.
What a blessing a small business owner has; by being aware of what is happening around him in all areas of his business, he can react almost instantaneously. To make a decision and to take rapid action are two requirements for growing a small business.
In life, there are no safe places or risk free activities. As a small business owner taking action and changing direction is part of a leaders job.
To achieve your dreams, you must embrace adversity and make failure a regular part of your life. If you’re not failing, you’re probably not really moving forward.
Have a great day!