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Out of Control

Sunday, March 23 2008
maura_80
Maura Schreier-Fleming

Have you ever done everything you could to complete a business deal and then suddenly something beyond your control makes it all go away? Now what do you do? You really do have choices after disappointment. I spoke with another businesswoman about this recently. She had been working for several years on one of her biggest deals. During this time she talked with both the decision maker and the influencers. She had strong relationships with all of them. She helped them make good decisions to work towards their goals and the completion of the deal. Then one day it all came apart. Changes in the economy impacted this company’s plans in part of the country—my friend’s area and her deal. The deal was over at least for the foreseeable future. What did she do? Just what you should do.

I asked her what I always do when I work with clients. “Did you do everything you could have done to make the deal work? “Yes,” she said. “Was there anything else you could have done?” “No,” she responded. No one can change the economy. Even if she thought of a way to make the economy less of a factor there was nothing she could have done about budget cuts. We talked some more about what she learned about the deal that got away. She said, “You know I never count my deals until they’re done. If I had planned on spending the money from the deal before it closed, I would have been even more disappointed. I’m glad I didn’t let the deal get ahead of me. That’s a good thing. Even though I am very disappointed, I do know that I will get over it. And, it really helps to talk it over with someone else who understands the business.”

That kind of resilience is what you need when things turn out differently than you want. Having someone to talk with about the deal is what you need to get over your sadness. What about your business? Do you know someone who you trust and who understands your business? Can you count on this person to be there for you when you need to talk? The time to cultivate that relationship is now, not when you need the emotional support.

You have another option when things turn out differently than you want. You can dwell on your misfortune and hold an endless pity party. If you do, you’ll be far worse than just disappointed. You’ll get stuck. Being emotionally immobilized just might make you miss your next deal. Business is full of disappointments. What makes them manageable are the people in your support network who pick you up and give you the strength to move forward. Sometimes disappointments are out of your control in business. What’s in your control is that you choose to move on.

Latest Comments in  posts

I cannot tell you the amount of deals on both sides that I have had over the last 10 years in the mortgage business. Especially now with all the changes in the market; it makes it increasingly hard to get deals closed. I try to stay on the positive side and have told my clients when it didn't work out that there was a better opportunity around the corner. My problem comes in when I keep hearing all the negativity that is surrounding this business right now. We lost deals before the market turned down, what makes those negative talkers think that we won't lose deals now? It can ruin your day when you get stuck on the phone with a client or Realtor that is having a pity party. I just want to hang up!! Instead, I try to swing them to the positive side and quickly get off the phone as politely as I can. (And remember the Serenity Prayer!) ...
By: Kim Shuford on 3/25/08 at 11:00 PM
Out of Control
Kim,
You are so right. Listening to these toxic "negative" people is destructive. I'm vigilant about changing the subject quickly. I've found over the years that it's impossible to change their attitude. I don't even try anymore. I just don't want to catch the disease, so I quickly change topics. It seems to work. Also, one thing I've learned in business. Things always turn around. I was in the oil business in the 70s, the crash in the 80s and now the highs. I've survived. So will you. Good luck.
Maura ...
By: Maura Schreier-Fleming on 4/27/08 at 3:53 PM
Out of Control
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