September 22, 2008
Seperating Emotion From Business
I had a brief look through my portfolio this morning and there are a few domains and websites that it's time to let go.
One problem that many people suffer from is becoming too emotionally involved in their business. I'm not suggesting that there's anything wrong with being passionate about your products, your services and your customers. The difficulty comes from making business decisions based on emotions rather than on logic.
This is especially true when your business performance drops. When you are too emotionally involved it becomes much harder to make tough decisions. That's why I work closely with my accountant, she can provide me with an objective view based on facts and data. She isn't emotionally involved in my business.
I strongly advise you to take time out from time to time and take a look at your business. If you are a Star Treck fan, consider what Mr Spock would say about your business - what is the logical view?
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Comments on Seperating Emotion From Business »
If you are friends with a programmer then ask them to review your business. Programmers have a logical mindset and will see potential weaknesses in the logic of your decisions, processes and systems.
Yes that is true but they also will not understand how the marketing works and can't give a solid perspective except from a logical black and white view.
So make damn sure you put their critique into perspective with YOUR VISION because just because things are logically planned out doesn't mean it will work. LOL
- Terry
Oh yeah! I have a number of poor little orphaned sites who will tell you that I don't get emotionally attached to the.
Anybody want a lost puppy website? I'm sure they're still out there wandering around, mewling.
@Kevin Maybe we should start a "dating" site for lonely puppy websites and potential owners?
Yep, I had a site I was just giddy over.
Then one day I had an offer put on the table I couldn't refuse.
Ever since then, I've viewed all my sites and products for what they are, parts of a larger whole which can be interchanged and eliminated when the time warrants.
Dang… that sounds cold.
Re: "When you are too emotionally involved it becomes much harder to make tough decisions."
And if often leads you to make the wrong decision. You think clearer when you separate emotion. It doesn't make you less genuine/passionate about your job, it just allows you to make the "right" business decision. At least that's what I think.