Archive for the ‘strategy’ Category



What to Do on a No-Win Business Situation

One of the toughest lessons I had to learn as a businessman was to identify and successfully deal with a no-win situation. That’s a very difficult situation for an entrepreneur to navigate because most of us are optimists by nature. We want to believe we can rescue the relationship, deliver on our promise,s and save the day. But with experience and better understanding of human behavior, I have come to believe that sometimes the best course of action is to cut your losses and walk away before the hole you find yourself in becomes your grave. No one wants to admit failure and throw in the towel too soon, but here are a few scenarios that if you find yourself in, you should consider walking away. Lost trust. Whether one or both side loses trust, it’s time to call it quits. If you cannot trust your partner, an employee, a…

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