{"id":170,"date":"2014-05-20T16:59:38","date_gmt":"2014-05-20T16:59:38","guid":{"rendered":"http:\/\/whatsyourpoint.mobi\/?p=170"},"modified":"2019-04-05T21:44:15","modified_gmt":"2019-04-06T01:44:15","slug":"5-foresight-strategies-for-avoiding-hindsight-remorse","status":"publish","type":"post","link":"https:\/\/www.thecatalyst.com\/blog\/5-foresight-strategies-for-avoiding-hindsight-remorse\/","title":{"rendered":"5 Foresight Strategies for Avoiding Hindsight Remorse"},"content":{"rendered":"

You can be certain<\/em> in the face of uncertainty<\/em>.<\/strong><\/h1>\n

Beforehand, success is less about knowing you\u2019re right, and more about taking steps to ensure you\u2019re not proven dangerously wrong after you decide.<\/h2>\n

For instance, pundits and professionals usually can\u2019t agree on the state of the market and where the economy is headed, but if you\u2019re certain<\/em> you want to become a business owner, or you feel ready to move on from this business and into the next, go for it<\/strong>.<\/p>\n

That\u2019s not encouragement to \u201cjump in over your financial head,\u201d or to go against obvious economic or social warning signs in your industry or area. This is encouragement to take a close look at exactly what is more uncertain than usual<\/em>, and to protect yourself against often-overlooked start-up and growth challenges.<\/strong><\/p>\n

Part one of remorse-free decision making<\/strong> is to search out the most knowledgeable, committed professionals, or business team, with proven experience and success addressing the issues you face and achieving the results you want. Don\u2019t just Google™ and go for the best online presentation. Ask for referrals from those who have successfully taken the jump already, including those who track your industry. Interview a few possibilities voice-to-voice and face to face. Dig deep into their knowledge base with your questions to see where value lies for you.<\/p>\n

Part two of remorse-avoidance<\/strong> is to ask a lot of questions and listen<\/em> to the professional advice about local market and business patterns and how they are changing. Then, evaluate this information. Become your own best advocate since you can\u2019t afford to be led<\/em> into a deal. but lead yourself. Self-leadership<\/em> means becoming an active force in making informed decisions.<\/p>\n

5 Foresight Strategies for Avoiding Hindsight Remorse<\/strong><\/h2>\n

1. More Certain Than Uncertain<\/strong>
\nNobody knows for sure. Whenever you, or anybody you rely on, thinks they know for certain<\/em> what is happening in any market, you\u2019re in trouble. Everybody is smart in hindsight. Beforehand, business success is less about knowing you\u2019re right, and more about foresight<\/em>\u2014taking steps to be sure you\u2019re not proven dangerously wrong after the deal. <\/strong>Be reasonably sure going in\u2014at least 53%\u2026more certain, than uncertain\u2014and cover your financial and professional vulnerability. Then, you\u2019ve got a good chance things will work out and<\/em> that you can recover quickly for clients and yourself if they\u2019re off a bit.<\/p>\n

2. Own Your Market <\/strong>
\nWhose market is it anyway? Online and off, economists and pundits make sweeping statements about \u201cthe economy.\u201d These experts speak in generalities. You must deal in specifics\u2014a specific target market for your business start-up or market shift.<\/strong> In reality, business success can be as local as a retail outlet on one side of the street over the other, or as market relevant as selecting a URL that catches \u201ctweet fire,\u201d or as timing savvy as selecting the dead-on time of year for launch. The more you know about the specifics that attract your target market, the better off you\u2019ll be. What happens to one business venture dealing with one preferred market may be very different from what economists are generalizing about. What experts say about New York, Houston, or any other city is not equally true for all locations and markets.<\/p>\n

3. Anticipate Disaster<\/strong>
\nThinking positive can be dangerous. Yes, you need optimism and enthusiasm, but don’t overlook nasty surprises ahead.<\/strong> What could go wrong probably will, but if you’re prepared this will be a speed bump not a brick wall. Too often a marketing strategy is a last-minute, \u201cwe gotta get open\u201d frenzy. When marketing is not effective it is very expensive. Start your disaster list now. Sometimes it is the smallest thing like forgetting time zone differences or not checking on municipal construction plans only to discover major construction starts on your block next week. Overlooked or underestimated details cause the biggest disasters, so dig out any detail that could disrupt your business.<\/strong> What do you need to make the most of all eventualities, positive and negative? Arrange questions by service process, so you can cover all your quandaries while designing your prospecting, service delivery, and other relevant aspects of your business. Get into details with your contractor or web developer from the start, so there won’t be any “but I thought you meant\u2026” surprises or last-minute delays.<\/p>\n

4. Zero in on Must-Haves<\/strong>
\nKnow what is essential to attract target clients, provide extreme excellence service, and keep them coming back. \u201cMust haves\u201d should be features and benefits of every aspect of your business from online presence and accounting to a responsive complaint department that will provide seamless excellence from the target clients’ perspective.<\/strong> Location is still the prime \u201cmust have\u201d online or off. Where does your target want to find you: on Facebook, Linked IN, at your fully-accessible website, or in the mall near their home?\u00a0 That knowledge dictates which “must-haves” must be in place when you launch and every day after that.<\/p>\n

5. Once is not enough<\/strong>
\nWhat business decision do you think you can make once and not worry about again?<\/strong> Your venture, whether it is online or bricks-and-mortar is constantly in flux, so never stop wondering and asking. Review and re-evaluate every aspect of the client experience and your profit process regularly until doing so becomes automatic. Make sure what you measure relates to your business values and to those of your target, so you’re measuring what matters, not just what is easy to measure.<\/strong> Ensure it is easy for prospects and clients to give feedback, so you hear the good and not so good while there is time to keep earning trust.<\/p>\n

Your choice\u2014lead yourself and others with foresight or experience remorse in hindsight.<\/strong> Or, you may remorsefully realize in hindsight how smart you would have been with foresight. Your choice again.<\/strong><\/p>\n

\u00a9 What\u2019s Your Point?<\/em> By PJ Wade TheCatalyst.com<\/a><\/p>\n

Back to HOME… TheCatalyst.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

You can be certain in the face of uncertainty. Beforehand, success is less about knowing you\u2019re right, and more about taking steps to ensure you\u2019re not proven dangerously wrong after you decide. 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