Selfishness can Kill a good business…
Author: Ryan GorhamJeopardize the business
I have a friend who 5 years ago started a Business with his Father-in-Law. They have done well together as they balance each others strength’s and weaknesses. It has been a good business experience for both of them. Then one day he makes the mistake of cheating on his wife, with his secretary. It was going on for a year prior to him confessing his Guilt to his wife. Now they are in a Race to try and take the business from each other because they will not work together anymore.
How often do we jeopardize a great business opportunity or success with our own selfish desires. I think a lot more than we want to admit.
Bankrupt the business
I have another friend who owns a potentially successful business in the Electronics industry. The business sells on average $1.5Million every year. With descent margins this company should be a success. However, they are marginally successful, due to the owner spending the company into debt prior to it profiting.
Get Over yourself!
It is easy to look at these stories and see what these two stories illustrate as a silly mistake. But what are we doing in our own business that is keeping us from developing it to be the best it can be? Are we being lazy? Prideful? or impatient? It could be as little as daydreaming too much or spending the money you haven’t made yet. Whatever it may be seems to always be related to SELFISHNESS!!
October 15th, 2008 at 5:50 pm
you should never be selfish when running a business. being self centered only spells fail. the best practice is to step back and look at who makes you successful, be humble, and reward those who are loyal to you. Anything less will bring hardship and failure.