Striving for perfection is something many business owners have in common. The problem is, perfection is unattainable. The definition of perfection could change from person to person. One could argue that perfection is freedom from problems, but others might believe that freedom from problems would result in a lack of challenge or boredom. It is a paradox, and Yogi Berra summed it up best when he said:
“If the world was perfect it wouldn’t be.” –Yogi Berra
How can we use this to help us run our businesses better?
Realize There Will Always be Problems
Problems occur when running a small business. Some will be big and some will be small. Some will seem big and turn out to be small, while others will seem small and turn out to be doozies. How you handle the problems is what will make the different is whether the business is successful, or not.
Nothing ever stays the same, ever. There used to be a video arcade on every corner, but the growing accessibility of home gaming systems in the mid-eighties ruined them. Newspapers are facing the same dilemma. Fewer and fewer people are buying their print editions. How much longer can they last?
Plan for Problems, Adjust to Change
Know from the get go that you are going to encounter problems and change. The key is to anticipate both and have a plan. Keep a backup option for quick financing if cash flow becomes an issue. Make certain your budget for repairs and maintenance is sufficient. Keep your credit score in good standing so that you can access financing when needed for growth, equipment financing, or whatever other financing needs may come along. Keep an eye out for changing tides in the market, new technologies and new competition. Embrace change.
As for the financing part, Biz2Credit can help with that. Whether you have kept your score up or not, our network of lenders offers various types of business financing to borrowers of all shapes and sizes. Come on over to Biz2Credit.com today and have a look around. Let’s see what we can do for you.