Tuesday, June 10, 2008

What's the Worst that Could Happen?

Recently I spoke with a friend currently considering a move to a small business from a large company. Actually, that is a common enough occurrence that the timing is almost irrelevant. Anyway, a point that I remind folks of when considering a move such as this is to put a fine point on picturing the "worst case."

Many people create a long list of excuses when considering small business ventures. It is important, however, actually to spend some time defining and thinking through these. In the end, you are left with a picture of "the worst that could happen." I suspect you will be surprised with how livable this case actually is. Seriously. Also, you will find ways to minimize the risk. For example, if you are concerned that the opportunity doesn't pan out, and you have to go back to "a real job," keep your network active to keep that option open. It's a minimal investment to help insure options you may need.

The goal is to move beyond a point of worrying about worst case scenarios in order to focus on the opportunities. Think of Maslow's hierarchy--if you have some comfort that self-preservation is taken care of, you can reach for self-actualization.

Humans have a limitless ability to create obstacles to their own progress. Defining these will enable you to address them. And by addressing them, you will enhance your ability to reach your goals.

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