Ever come across a business where you were left thinking, ‘they’ve lost their mojo’. It’s not a great look from the outside but probably feels even worse from within.
Family businesses cannot help but take on the traits of the people behind the business. A business that lacks the passion, the energy and the drive, will always struggle to achieve its vision. To lean on the Jim Collins analogy – it would be like driving a bus, forever looking in the rear view mirror to see your team hanging out the windows.
Lost or losing your mojo? My tips:
reflect on why you started in business
Dig up your old notes, sketches, business plans and sources of inspiration for going into business in the first place. Maybe you can reignite the spark in your business or realize that you have gone off track from the original plan. Have you done something differently to how you originally planned? Maybe you were trying to save money or cut corners to speed up implementation. Reflecting on your original plans and realigning your strategy may be just what the doctor ordered.
acknowledge it. Talk about it.
Have an outsider give you their view or just start sharing with a respected friend, colleague or mentor. Your team will also have some comments and should have input [a staff workshop could help]. Don’t assume, get the facts. Your loved ones need to be behind any change process too so don’t hide it from them.
don’t wait too long …
To acknowledge. To talk about it. To make a change. Leaving it too long just makes it harder to get back from the low point.
do something positive.
Turn your back on the negativities within your business and do something positive. Organise a staff or client event. It’s amazing how when you turn your focus on more positive things, you subconsciously become more positive, shift your focus, create opportunities for more feedback and more easily uncover the root cause of your problems.
take a break.
You shouldn’t make big decision quickly. If you think you just want out, take a holiday and see how you feel when you get back. Often the business model is already good – there is just a hurdle stopping you from reaching your potential. It’s hard to see these barriers to success when you are working in the business and dealing with day-to-day dramas.
Over to you … Have you lost your business mojo and managed to get it back? How did you do it?
At businessDEPOT we are all about empowering businesses to #MAKEITHAPPEN. Whatever your problem, we can lead you in the right direction – whether it be to get out or to bring back the mojo.