Rick Meekins is the Managing Partner at Aepiphanni, a Business Consultancy, an Atlanta, GA based small business consultancy that provides Management Consulting, Implementation and Managed Services to business leaders and entrepreneurs seeking to improve or expand operations.
Extraordinary Business | Does the Boat Float?
But we do the best we can with what we have. We throw the boat in the water to see if it will float. The question we have to ask ourselves is: “Is this good enough.” Well – if you are into mediocrity, perhaps it is. If you are not a proponent of mediocrity, the road less taken is planning – developing a plan for your organization with understanding of the fallout (risk or ripple effect) to a degree of tolerance that your company can absorb. Here’s an example:
- You would like to have a loan for your business
- You choose to work with a predatory lender who is looking for some collateral for the loan
- Your house is the only asset you have to cover the collateral