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Business opportunities are knocking

Posted Sunday, August 21, 2011 by Ric Willmot
A leading business university undertook research into their graduates. It was discovered that their past students were successful during the early part of their careers after graduating, but ten years on, they were superseded by a more street-wise, pragmatic group.

The professor who undertook this research explained that the education the graduates had received was in “problem-solving”. What was more important was the ability to recognise opportunities.

Innovation trumps problem-solving.

Pragmatic thinking beats university degrees.

Action is the only precursor to success.

Are you looking for the opportunity in this current economic environment? Honestly?

I shared coffee with the owner of a business consultancy firm bemoaning the terrible circumstances that have decimated his business revenues. He was worried, distressed, more distressed than a consultant should be faced with such slight contretemps.

I also had coffee with the partner of a mid-tier accounting/auditing practice who relished in dissevering himself from the doomsayers. “Ric, we’ve been using your approaches to pricing, marketing and client-evaluation. Just yesterday, an existing client called to explain one of our competitors had proposed to do their audit at half the price we’ve been charging and would we reduce our fee. Remembering your advice, I calmly reiterated our value, our expertise and the significant levels of service delivery we provide which equate to greater ROI for the client. They stayed with us. Overall, we are 40% ahead of budget for this year.”

In the current business environment, there is an absurdity in the gap between the pragmatic, opportunity-thinking of successful professionals and the trivial reasons others adduce for failing.

Opportunity is knocking … do you hear the sound?

How can you answer it?




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Ric Willmot
Improving Organisational Performance
Providing Strategy Consulting & Mentoring