A famous song once said, \u201cthe times they are a-changing\u201d. \u00a0Today, this couldn\u2019t be more true.\u00a0 Technology seems to advance daily, and those who stay abreast and use it are the ones who are successful. \u00a0Can you think of anyone who doesn’t have a smartphone?\u00a0 How about a successful business that doesn’t have a website?\u00a0 Of course, there will be exceptions, but the point should be clear. \u00a0Technology is an easy example to understand, but what about in a business?\u00a0 In particular, what about new ideas for the business?\u00a0 How many times have you heard about \u201cfighting management\u201d or \u201cthat\u2019s the way it\u2019s always been\u201d? \u00a0Stifling advancement and ideas is a surefire way to be left in the dark.<\/p>\n
My colleagues and I had the opportunity to discuss new business ideas with prospective clients that happen to work for the same company, but in two separate divisions.\u00a0 In my conversation, we spoke about equipment breakdowns, maintenance issues, poor product quality, and various ways and ideas to improve this.\u00a0 The need was there, the facts were clear, and the message of how best to correct the issues was sound.\u00a0 When presented to the leadership team, the project was shot down.\u00a0 This happened on several occasions, but this person\u2019s conviction remained strong, even now.\u00a0 The reason for not approving the change was because the current method of production was the way they had been doing it and they didn\u2019t want to change to new equipment.\u00a0 This was despite the fact that the new equipment could be paid for by just the maintenance savings alone, not to mention the increased production rates from the same horsepower.\u00a0 The funny thing about this is that my colleague had almost the exact same conversation with his client.<\/p>\n
The example here illustrates why it is so important to embrace change and progress.\u00a0 Here, money is being wasted due to unwillingness to try something new.\u00a0 Is it fear?\u00a0 Investment?\u00a0 The true reason may be unknown, but it should make you question how you make decisions.\u00a0 Embrace those new ideas.\u00a0 Challenge old ways of thinking and continue to improve yourself and your business.\u00a0 It\u2019s easy to adhere to the status quo, but fortune favors the bold.<\/p>\n","protected":false},"excerpt":{"rendered":"
A famous song once said, \u201cthe times they are a-changing\u201d. \u00a0Today, this couldn\u2019t be more true.\u00a0 Technology seems to advance daily, and those who stay abreast and use it are the ones who are successful. \u00a0Can you think of anyone who doesn’t have a smartphone?\u00a0 How about a successful business that doesn’t have a website?\u00a0 […]<\/p>\n","protected":false},"author":68,"featured_media":11695,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[92],"class_list":["post-12327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-businessstrategyandfinance","tag-business-strategy"],"acf":[],"yoast_head":"\n