Its been few weeks since AbangAbu never had chance to introduce new acronym. So this week i would like to share a powerful business tip that many want to read. Since this is the time that recovery process is begin to show up. It is sad that many business have to close shop during the global economy crisis.
What is sad that many who met with the disaster dont know how to get back into the game again. This was the case for AbangAbu who lost in an investment venture that been so bad. It took some time for AbangAbu to figure out on getting back on track, from preparing mindset and begin the recovery process that i would like to share with you.
So , The only way to get back into track after failure or disaster in business is to get up and A T T A C K.
Here you go in order to recover from setbacks and failures.
A – Accept
Whatever the condition you are in, the first thing is to accept the fact that you are already in the situation. Nothing can be done to get back or reverse what happened.
Living in the past only makes forward progress more difficult. Instead, accept the setback, let go of it, and commit to forward movement – not because it is the right thing to do, but because it is the best way to help yourself.
The best defense is a good offense so get out of defensive mode and get started on the road to recovery with a clear offensive strategy.
T – Take Inventory:
Take inventory of your current situation. You must know what resources you have and what liabilities you face when developing your plan to come back from catastrophe. If you don’t know where are you now it will be difficult for you to plan the next move.
Do you know what is your asset? How much you owe? How much you can earn? What are the spending need?
With knowing all this than it will be easy for you to get back on track. KOMPAS WANG will help you just to do that.
T – Target
Now that you know where you are, you can set your target. Meaning where you want to go from here. What is your objective? Set your target is the same as setting up your goal.
Identify your strength , weakness and start to set time line for you. The best is to use SMART goal setting technique. MAP2BRICH the steady way to be coached on daily basis.
A – Action Plan
Develop a plan. The plan must be an action plan that will take you to the goal that you set. We call this goal getting plan. MAP untuk KAYA is all about getting your goal. You need to gather all the information on getting the right way and method to reach your goals.
Beside paying off your debts , you have to also save and build on your asset base. This is not done by many of us. We focus on the paying off all and that is not fun at all. We have to also have a strategic plan where we have enough to build faster plan on paying the debts.
C – Courage to Do it
Nothing happen until you start to do things. And remember that do get started might be so painful process. But AbangAbu believe that is part of the success process. Courage to work on waht you have plan even it will be painful expirience. It might upset many people or even those close to you. However to stick with your plan need the courage.
If you really want to rebound from failure than this is a must. You have to go past this state. REMEMBER , you can negotiate on everything.
Some of us might got this wrong. I am not talking about the knowledge that you have to get , but this is about know when to adjust and correct your plan.
Remember , there is no perfect plan , wise people knows that. Correction is the most desirable thing that happen. And if you know when to adjust and correct than you will be on the path to powerful recorvery from failure.
WAYS2SAVE – The best way to save and have fun too.
– Winner of the best online Wealth & Money Coaching.