Do reckless actions hurt your business?

Do reckless actions hurt your business?
MAR 13

Reckless decisions come from thoughts that are not well managed and leads to destruction. Throwing caution completely to the wind or being cowardly in our actions and words has its issues, but recklessness is outright dangerous and should not be encouraged. A person acts recklessly, or is reckless, with respect to circumstances surrounding his conduct or the result of his conduct when he is aware of but consciously disregards a substantial and unjustifiable risk that the circumstances exist or the result will occur

Planned change typically has an expected result that improves some portion of the business. Look at a competitor's actions. Major planned changes in a business may be the result of economic shifts in the market. Unplanned events and actions can stop a business in its tracks. Starting a new business without a business plan is a quite reckless endeavor and has serious consequences also purchasing expensive property for a new business and starting construction while not possessing a marketable product or a business license.

Today's economic environment can be very challenging for organizations of all sizes. Business needs to strategized. Learn as much as you can about what you are making that decision on. Increased preparation is a sign that you are prepared to advance by making the right decision(s). Disorganization will lead you to make rash decisions so always gather your thoughts, facts and information together first.

So if you need help in decision making, find professionals that you are comfortable with and whom you trust. These should include: a banker, attorney, accountant, and a general business advisor. Depending upon the nature of your business, and your own skills, you may want to seek out marketing, sales, or other advisors.  No one likes being defeated, so don't make these hasty actions as ruin is sure to show up sooner rather than later.

As a business owner, you have the ability to control your own destiny; you need to make the right moves and right decisions in order to assure the sustainability of your business. So cultivate the spirit of enterprise and plan ahead to avoid the pitfalls of reckless actions. Identify the behavior what you want, determine some critical measures so that you know when you have the desired behavior and then make sure you are available to reinforce it when it appears. Just think what you could accomplish if you started to use positive reinforcement in your business.