As a business leader, it is not easy to maintain the same level of passion you had for your business when you started your business or joined your organization 10, 20 or 30+ years ago.
And, you are not alone even though people may keep their feelings on the down low. The passion problem is actually one of the top three reasons that people exit.
What do you do about your passion problem?
- Throw in the towel
- Bury your head in the sand
- Just keep doing what you have been doing
- Look for new opportunities to grow your business
- Discover a new path for yourself
When we think about recalibrating, it can be a modest adjustment to what you’re currently doing, or it can be a sweeping change.
Recalibrating is a mindset. It means knowing when hard right turns are necessary. It means encouraging disruption and examining what was and what is, then readjusting for what can be.
It’s not easy. Of the companies on the Fortune 500 list in 1955, more than 80% are no longer what they were. These companies either went bankrupt, merged or fell off the list.
Today, a change in fortune can happen much more quickly and is usually a result of losing focus.
So, how do you decide what to do?
Relevance, as simple as it sounds, is where it starts. Knowing what matters to you, your business, your workforce and your customers is fundamental to laying the groundwork for what’s next. With that intelligence, you can disrupt what is and create what’s next for you and your business.
So, what are you waiting for? If you plan for what’s next, you’ll find your passion — whether it’s acquiring another company, inventing a new product, demonstrating social responsibility, preparing to hand off your company, mentoring others or traveling the world, the path will be yours. Just remember that recalibrating is not just a once and done event. It’s an opportunity to experiment and readjust and, importantly, it’s a continuous action.
Susan K Spaulding is a Consultant, Coach, Mentor and Author.
Susan works with businesses and leaders to take inventory, uncover the possibilities and navigate a path forward for themselves and their businesses.