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Turning Adversity Into Success

“ Nothing is predestined: The obstacles of your past can become the gateways that lead to new beginnings. — Ralph Blum Many entrepreneurs who start businesses jump in with both feet and with big dreams of success. Many of those businesses fail. According to the Small Business Administration, around 50 percent of new businesses fail within the first five years and only 33 percent survive past a decade. There are multiple reasons why small businesses fail. How business owners address small failures that happen along the way can make the difference between the business launching into success or shriveling up and dying. Here are some examples of two famous entrepreneurs that illustrate why small

Are You Always in Crisis Mode?

Entrepreneurs often find themselves reacting to various business crises, desperately working to put out fires. Reactive approaches to business issues are both inefficient and ineffective. Through careful planning, business owners can switch their approach to one that is predictive and preventative. They can then create positive change from the inside of their business out, seizing and creating opportunity. Predict, Prevent and Create Study the leaders in your field and look at the problems they have encountered. How did they address issues and move past them? Predicting potential problems can help you to plan ways to avoid them. You should simultaneously focus on taking advantage of changes