One would expect success to be welcome and easy to handle, but it can blindside you and be surprisingly hard to handle if you have only prepared against failure. Prepare your success strategy now with the help of your team to enjoy it when it happens.
Are you prepared for success? We worry so much about failure that I find most clients are not prepared for success.
You know what the lawyers say, “never go into a situation without knowing the answer and being prepared for anything that might come up”. It is proven that the well-prepared will perform far better than those scrambling to survive without a plan for success.
Think about success from both personal and professional standpoint. It seems strange that this would be necessary; however, in my experience, one of the contributing causes of failure is not being ready for success. I’ve found that if you expect success, you’ll achieve it; and, on the other hand, if you expect failure, you’ll achieve that as well. So, what are a few keys to successfully preparing for success?
1. First, Plan: Without planning, you must scramble. For example, if you are a manufacturer and your sales suddenly spike by 25%, are you prepared to ramp up within your lead time? Are raw materials readily available? Are your crews ready to begin production? Although scrambling could achieve the 25% sales spike, there’s no doubt it will be at a higher cost or lower quality. For example, without planning, it is likely you’ll not only need to go to alternate, higher cost, non-core suppliers in order to get raw materials but you’ll also need to use excessive overtime to produce the increased volume.
Instead, begin planning now. It is never too early. It does not need to be complex and time consuming. Consider what will happen if various success scenarios are achieved. Put together a plan. Add “what if” scenarios. Are there items you can implement now with minimal/no cost which will set you up for success? For example, can you cross-train your crews to prepare for various production alternatives?
2. Flexibility: Flexibility is a key to success. Build flexibility into not only your plans but every business process! For example, cross-training crews provides flexibility to produce multiple products with the same resources. Another example is to partner with your suppliers and internal partners to modify your product and/or manufacturing process so that you can use multiple, similar materials while meeting product specifications, which provides flexibility in terms of material supply.
3. Communication: There’s no doubt that most plans fail due to a lack of communication and execution. Preparing for success is no different! It is vital to communicate every step of the way.
Plans are useless if no one knows about them. Sound obvious? Then, why don’t our employees know our goals and plans? Have we shared critical supply chain “what if” scenarios with the appropriate supply chain partners (customers, suppliers, carriers, brokers, etc.)?
It doesn’t have to be complex or expensive to prepare for success; however, you will likely miss your best opportunities unless you are ready!
Did you like this article? Continue reading on how to Profit through People:
How to Effectively Engage Employees and Achieve Results
The Power of Relationships
© 2014 LMA Consulting Group