Change is Hard | Or Is It?

Some people think change is hard, but does it have to be?

It’s a New Year

At the time of this post we are not quite a month into 2014. Some people may have already given up on their New Year’s Resolutions. Amazingly, many of those will do the same thing next year, and the year after and the year after and so on. It can become a never ending cycle. Making commitments to change in business can end in the same result – surrender.

I think much of the problem with change in both personal life and in a business comes from two things. See if you can relate.

There’s a Better Way

You have probably heard the advice that if you want to be a certain way then you should start to see yourself that way. The same concept applies to business. If you want your business to improve performance in any area, it helps to visualize what that looks like and continue keeping this image in mind when you make decisions in the day-to-day operation of your business.

For example, if you want your liquidity to improve, imagine what your company would look like then and strive toward that. But, something else has to happen as it is not enough to just visualize.

A Plan

Continuing the example above, decide what has to change to improve liquidity. Do you need to reduce the days accounts receivable are outstanding? Do you need to reduce your inventory levels? Do you have the right people in the right positions and do you have the appropriate staffing levels? I could go on, but the point is that improved liquidity is a goal and reduced receivables and inventory and correct staffing are sub-goals within that.

A Little Deeper

Once you know what you plan to accomplish and the goals and sub-goals associated with that, it is critical that you design and implement tasks and strategies to achieve these goals. These are the things that you need to do every month, week, or day to get where you want. Along with this, make the commitment to see this way of operating as the norm to help you stay focused. Do not look back as this creates the tendency to revert to old ways. Your mindset is critical.

I will drive this home with an example of someone trying to quit smoking. First, they need to drop the idea that they are “trying”. Second, they need to see themselves as non-smokers rather than a smoker who is attempting to quit. As long as they still see themselves as smokers attempting to quite they will be more prone to revert to this nasty and unhealthy habit.

How often do you personally or as a company start out with the best of intentions, only to find yourself in the same old boat? I truly believe the vision you hold in your mind and the daily practices you implement can have a big impact on whether the change you want actually occurs.

If you want to know more, contact AimCFO – Contact

As always, your comments are welcomed.

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