What Is The Best Way To Fetch Water With A Leaking Bucket?
By John Paul For Smallstarter Business Africa
Hi Friend
⛳⛳🏀🚽
I have a simple but tricky question for you.
Make sure you think carefully about it before you answer.
Here it is:
What is the best way to fetch water with a leaking bucket?
When I ask entrepreneurs this question during a training or coaching session, I typically get two types of answers.
The first answer is to stop fetching any water and fix the leak first.
And the second answer is to fetch the water faster than it can leak from the bucket.
However, there is a third answer. But I don't get it often.
That answer is to change the bucket.
Sometimes, a leak is not worth the effort and struggle.
Sometimes, we are too focused on fixing the leak or fetching water that we don't realise how much money, time, stress and frustration we can save by just changing the bucket.
This is exactly what many of us do in our businesses.
Many entrepreneurs are working with a leaking bucket in their business.
They think if they work faster and harder, they will one day find success.
Some think all they need is a new tool or ground-breaking strategy to turn the business around.
Some think they need more funding and just need to raise more capital to catapault the business to success.
But the biggest problem with a leaking bucket is the amount of wasted time, effort and money that it costs you.
Maybe what you need is to reset and restart
Sometimes, what you need is to change the bucket.
There comes a time when all the loss, pain and suffering is no longer worth it.
There comes a time when you need to reset and start afresh.
There comes a time when you need to make the hard and emotional decision to shut down that business.
That's why you need to listen to this...
In this week's episode of the Smallstarter Business Podcast, I explore a painful and controversial topic that many entrepreneurs don't like to talk about.
I explain the key warning signs you need to look out for, and when to know it's time to make the tough decision to close down a business.
This episode will help you know whether a leak is worth fixing or if you will be better off changing the bucket and starting again.
Click the link below to listen to the episode:
Happy learning!
John-Paul
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