Wednesday, October 30, 2013

A Lot to Learn About Nothing to Lose-By: Ryan Blair-Part #2/3

• Trust, but verify.

In my inventory case, for instance, I signed the P.O., however with the good old Ronald Reagan adage of “trust but verify” to my team. Meaning, fly to the vendor and make sure that they can stomach a $50,000,000 dollar order, and then stay there until they “stomach” it. The moral of the story? Trust, but verify every material “bet the company decision,” no matter how routine. And when I say verify, I mean beat a dead horse until the people in the room can’t stand you asking about another single detail. I’ve made a lot of mistakes because I trusted but didn’t verify. I’m a control freak when it comes to making material bets. You’re either in control or out of control when it comes to decision, and there is no middle ground. Control is a safer bet.

• It’s better to do it in phases.

Four years ago I bet the future of my company on technology that we were innovating, a web product for my sales-people that was three years ahead of its time. It was a bad bet and I had to reverse my decisions and strategy, and play like I had everything to lose. Which brings me to my next lesson…bet the company, but don’t bet the company all at once.

My technology bet did eventually pay off—on year four, which was this year. It would be real easy for me to glaze over the fact that I was off a year, but the cost of this bet resulted in my company being written down to zero publicly in 2009, which almost threw us into bankruptcy. If I could do it all over again I would have rolled it out in phases. You don’t have to go all in, all at once.

Article By: Ryan Blair

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GJ Reynolds also known as “G” is a Passionate, Playful & Powerful Warrior Entrepreneur, Author, and Life Transformer. He is also a Visalus Founding Promoter, Ambassador, Co-Founder of the Body By Vi 90 Day Challenge, business developer, coach, mentor, trainer, public speaker and radio host. He teaches others how to have fun reclaiming their Life, Health & Prosperity! G is driven to assist others to reach their full potential and having their magnificence to shine. He loves to teach and work with like-minded entrepreneurs and professionals who choose to reclaim their personal power and transform their life, health and prosperity. He lives a life of purpose, on purpose and for purpose. He enjoys the process of his personal, spiritual, and professional journey, while assisting others to do the same. G is at his best when he is learning, teaching, inspiring, creating, organizing, and leading the way! He also enjoys communicating with others that are of like mind and is on a mission to assist millions of people to transform their lives! Need a little help?

The contents of this post/article are Copyright © 2013
GJ Reynolds and/or SimplyG, and/or Beachlifestyle,
and/or Beachlifestyle Publishing.
“with explicit reservation of all rights”.

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