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The My Way Trap | Clarus Advisors



The My Way Trap

My Way is a very dangerous place. My Way is the place we go to when we perceive we do not have time to explain a situation. My Way is the place we go to when we do not trust those around us. My Way is where we go to when we are afraid and confused. My Way means that decisions are made spontaneously, without research or review, and without collaboration, often causing people to either fail completely or fall short of their goals.

My Way is expedient, but in the long run it is not effective. A business owner must find a way to create the time and framework to allow him or her the opportunity to work on the business of running the business.  This is to say the owner needs to be able to step back from the day-to-day operations and review how the business is executing to its mission/vision. The owner needs to be open to the changing dynamics that occur due to changes in technology, or competition, or because the business has outgrown its own systems.  None of this can or should be done in a vacuum. 

This type of planning breaks down into three simple components.

  1. Build a discipline that gives you time away from the day-to-day aspects of your business to think and question. Keep an opened mind and be critical of your own thinking.
  2. Surround yourself with competent and curious people who share your values, yet are comfortable with speaking their mind, regardless of whether you are in agreement or not.
  3. Create a framework that encourages and rewards the free flow of ideas without fear of reprisal or ridicule.

Together, these three steps form the foundation for creative thinking and objective reasoning that will guide you and your business through both prosperous and turbulent times.  These steps will help keep from the My Way Trap and allow you to build your business more effectively. 

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"This quick, thorough read is designed to help any sized owner or entrepreneur improve their business and its chances for survival in today’s tough economy." – Dr. Benjamin Ola Akande, Dean of George Herbert Walker School of Business and Technology at Webster University"