Reflect,
Realize and Realign
In the world of business, progress and growth are
ongoing pursuits. More than just focusing on day-to-day operations is required; a strategic
approach is also essential. To be strategic, entrepreneurs must hone their
critical thinking skills and be open to challenging their assumptions or
seeking external perspectives to identify areas for improvement. This involves
three crucial actions: reflection, realization, and realignment.
Reflection entails
thoroughly re-examining the business to pinpoint the factors contributing to
its growth, the obstacles impeding its progress, and the areas needing
enhancement. This proactive approach allows for timely adjustments instead of
waiting for monthly or quarterly reviews.
Realization
is the next step after reflection. As an entrepreneur you shouldn't merely
reflect on your business but should also recognize and acknowledge any
shortcomings. They should devise a detailed action plan with a clearly defined
turnaround time.
Realignment is
the final phase. After realizing your business's shortcomings, you should
adjust your strategies to your identified new solutions. This proactive measure
prevents the business from spiralling out of control, similar to ensuring
proper alignment to prevent a vehicle from veering off course.
Are you regularly reflecting on your
business? If not, it's time to start. Always remember that business growth is
not a straightforward journey; it involves navigating through different
terrains and challenges.
M.L.
Narendra Kumar
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