Business in the world of today is the best way to start a new and better carrier. If we look around the world majority of the people had established their businesses and are enjoying their lives. It is such a thing that you never are bound in. you are free of tension of reaching office at time no to do a holiday etc.
However it is also not that easy to run a successful business as you have also to face many failures in your business carrier. If we go through the history we can see many great entrepreneurs and inventors have faced failure in their carrier. As Richard Christensen the author of the The Zig Zag principles the great entrepreneur had said that as we all know that failure is a part of life and business but many of us are still unprepared to fail successfully.
Mr. Richard had used the method of skiing to instruct entrepreneurs that they had to take planned recreations in order to succeed and to stay away from disastrous failure which can led them to personal and financial damage. Christensen said that when they ski they don’t point the position of their skis directly down the mountains because if they do so they can fell and broke their neck. He used such examples to instruct the entrepreneurs of how to run or achieve success in their business. Richard said that in graduate schools students were thought that they should aim some very big goals to start a business and as a result out of ten businesses only one can achieve success, but in reality the situation is totally different.
He instructs that to achieve success in a business you should slow down and change your courses instead of flattening your way to achieve your goal. The process is known as zigging and zagging in which you have also to make sure that if you fail then it should be a successful failure which means that in that failure you have not damaged yourself badly in personal and financial way. Here we provide you only two of his zigzag tips to achieve success.
- First of all think about profitability: he suggests that new schemes come while one move towards profitability. He said that if even you have to diverge from your goal slightly, you do it but only after you have decided what the fastest way is to get towards profitability. Christensen is the person who had established 32 small businesses schemes with an amount of 5 to 10 thousand dollars. Out of these 10 had failed while some turned into million-dollar successful businesses.
- Failure should be efficient: All you have to do is to set a time frame in which you should get profitability. The time frame that Christensen had made was typically of three months. If a business is unable to get you to profitability in 3 months that business according to Christensen is a failure but an efficient failure. The business in which you spent 5 to 10 years of time and money but it doesn’t gives you profit and after spending that much time on such a business is a great loss to you. So don’t wait for such a long period of time.