When establishing a business, people were told that the balance of profits and losses is the basis for a healthy “business”.
Welcome to the next #BusinessWednesday and the next consecutive July apprenticeship. You need an explanation. I created the July cycle when I started thinking about future entrepreneurs. If you want, you plan to create your own business, this cycle of loose and practical business thoughts will certainly be useful to you.
If you are already entrepreneurs or you prefer to be a full-time employee, I invite you in August. Where #BiznesWednesday will have a more substantive and concrete character.
July is the time of relaxation and relaxation for most businesses, so the nature of the content is more loose. Although the subject matter raised in the July apprenticeship may not reduce the number of future problems to one person.
“We are striving for things that we can create, and we forget about things that inexorably and irretrievably lose.”
Let’s return to today’s considerations. Why do I think that I know a reliable and proven method of loss of financial liquidity.
Because I am a practitioner and I have been losing it many times. Of course, in the pages of this entry we are not able to discuss all the factors that affect her loss. It’s not real.
I think that one of the most important things that cause that the company’s account balance is melting is not seeing the value of time.
We lose countless minutes to try to reinvent the wheel and regain its former ability to generate financial resources on the account. Forgetting that the analysis of this state of affairs takes a considerable part of time for a young entrepreneur.
“When the ship gets water, do not think about why the hole has been made, just search for the fill to get this hole.”
Another of a series of clichés, but this cliche limits the problem to a minimum. I know from experience that when it gets boggy. Adrenaline as a result of the situation reverses the intellect to the times of primitive people. Most of the young entreprenuers of entrepreneurship. The old ones do, though less often.
They are starting to look for additional sources of funding in panic. When financial liquidity disappears, a big race begins on financial institutions, investors, etc. in search of additional deposits of financial resources.
In analogy to the ship, the crew begins to wave buckets trying to pump water overboard.
Neither is it effective nor does it solve the current problem. The water still gets through the hole.
Take a deep breath … and wait for your own intellect to return.
In an emergency, the best thing you can do is stop thinking and oxygenate your body. When you get a dangerous negative stress and you feel paralyzing discomfort from this feeling, then pause.
Turn off the phone and go for a walk outdoors. Make sure that your blood pressure and heart rhythm are back to normal.
Trust me, psychology knows many effective techniques adequate to this situation.
Well, but the ship is still sinking !!!
What is the difference if the ship’s draft gets deeper due to ineffective actions (waving buckets without making sense) or due to temporary lack of action.
This lack will give you valuable time to plan actions to solve the problem.
When you paddle a bucket you do not swim to your destination. Such actions consume an unprecedented part of energy, and current current affairs are pushed to the second track.
Is a ship standing in the ocean full of water for a long time when the whole crew rows buckets?
In this question, you probably already see the pathology of this behavior. Logically, this ship has a better chance of survival. When he is going forward as soon as possible to the nearest port, he has not stood in the place of relying on reality.
Okay, but what has this to do with liquidity?
With the help of this ship and water metaphor on and under the deck. I want to make you sensitive to one very important and omitted fact. It is not money that is the essence of business.
Money is a fuel that allows a business ship to flow through the market. In turn, the discussed hole in the ship’s shell is a natural problem that every ship or business has to deal with.
In the heat of the problems, do not look for fuel to patch a hole in the deck.
Check if the time you spend solving business problems is adequately used for the situation.
I wish you and myself many successful and successive business decisions.
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