Conquer Business Failure and Flourish in Hard Times

Kristian Livolsi
October 31, 2022

Conquer Business Failure and Flourish in Hard Times

A growth mindset is a fundamental requirement for success. When facing challenges in your business it can be the difference between success and failure. A growth mindset allows you to see what’s possible instead of being stuck in the fear of failure.

Learning from other successful business leaders allows us to gain an insight to how we can fail forward in business. There are many great examples and Richard Branson and Elon Musk are the first to come to mind. Both are hugely successful and both have experienced many failures in order to be successful.

Everyday we should be learning from these masters, as well as the many businesses that surround us, including our own.

Have you ever failed? If so, how often? What have you learnt? Have you taken those lessons and used them to move forward in your business?

The best place to start is with you!

There are several key strategies I use with my clients to help them reflect so they can conquer failure and flourish. What separates the victors from the victims are the five decisions every business owner needs to make.

These five decisions include;

1. Growth Mindset

Stop denying yourself success. According to Prof Dweck, your “… most basic abilities and skills can be developed through dedication and hardwork – brains and talent are just the starting point.” This means that Individuals who believe their talents can be developed (through hard work, good strategies, and input from others) have a growth mindset. You need to practice growth mindset thinking in order to get the very best out of yourself and others.

2. People

All leaders need great people to flourish – customers, investors, partners, advisors, suppliers, talent and above all their home network. These relationships are critical.

When you fail to deal with the relationship issues in your business and life, they will drain you and leave you with very little to expend on strategy, execution and cash.

3. Strategy

Articulating a clear and differentiated strategy is critical in good times and when navigating a storm. When it’s supported by a strong culture that delivers on the brand’s promise then you can scale with confidence.

Strategic thinking is the thinking before the plan! It takes disciplined people, with disciplined thought. When was the last time you took dedicated time out to work on your strategy?

4. Execution

Most people start with execution and most fail here too. The key to execution is taking action on your strategy and following a proven system to get results. When all your processes are running without drama and driving profitability then you know your entire organisation is executing.

Jim Collins in Great by Choice states, “Greatness is not a function of circumstance. Greatness, it turns out, is largely of conscious choice, and discipline.”

5. Cash

You must know your numbers and you don’t need to be a numbers person to understand them.

There are three financial statements you must learn;

Balance Sheet
Profit and Loss
Cash Flow

Cash is king, although Gary Vee says content is king, I think both are equally king. However cash is oxygen that fuels your business growth.

For a business to flourish you need consistent sources of cash, generated internally to fuel the growth of your business.

How you think about cash and how you understand your numbers will determine your success.

If you take action on these 5 areas and your growth mindset, you will flourish in hard times.

Are you ready?

Then contact the Business Growth Mindset team to organise a free discussion about where you’re at, where you want to be and how to get there!

Live with purpose,

Kristian Livolsi and the Business Growth Mindset Team

We work with highly driven top performers to create meaningful change that impact their business and life through mastering a growth mindset and implementing systems and processes that support scaling.

Kristian Livolsi | Business Growth Mindset

    
 
 
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   Morgan Hunter 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have been in the BGM - Growth School for a year now and my business has transformed and grown due to the program, the staff and members who push you to be better. Over the last 18 years running start-ups I have been involved in a lot of programs, by far this one has been the best, its not just the content or skills workshops its the accountability from your peers that make it what it is. You learn so mush from your peers setback and wins and they from you. This is a program for business owners who what to push beyond the next level and who is willing to do the hard yards!
  
 
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   Belinda 
 
 
 
 Trustindex verifies that the original source of the review is Google. I am thrilled to share my experience with Growth School, where under the guidance of Kristian, Simone, and Bonnie, I have seen remarkable business transformation. In just three months, their expertise has empowered me to craft a robust business strategy and strategic plans, leading to an extraordinary 800% increase in revenue. As I stand on the brink of scaling my business, I credit much of this success to the insightful monthly game plan sessions facilitated by the BGM team. What truly sets Growth School apart is the incredible community of business owners it brings together. This vibrant tribe not only celebrates each other’s victories but also provides a platform for accountability, motivation, and practical support. Whether it’s bouncing ideas around, tackling challenges, or sharing strategies, the sense of camaraderie is unparalleled. For any business owner eager to achieve exponential growth within a nurturing and motivational environment, I cannot recommend Growth School enough. It’s more than an institution; it’s a catalyst for profound business success.
  
 
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   Mary-Anne Vaessen 
 
 
 
 Trustindex verifies that the original source of the review is Google. The first question I get asked about my service is "How much does it cost?" I did not have confidence when presented with that question. Always felt that I had to compete with others around me. I didn't truly believe in my worth and value. I needed to stop looking around me and focus on what really mattered. I felt stuck. Overwhelmed. Didn't know the best way to move forward. Then I met the team from Business Growth Mindset. What a difference that has made to me. I gained clarity and knowledge, which then gave me the confidence and mindset I needed to move forward in my business. It has been, and still is, growth on a personal and professional level. The support I have is brilliant and I am still growing in my space. It has been the best investment I have put into myself and my business. If you want to scale up your business with a group that truly cares, look no further. Remember that you cannot grow in comfort. Get uncomfortable, because that is where true growth happens.
  
 
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   Wayne Hutchison 
 
 
 
 Trustindex verifies that the original source of the review is Google. Useful because I am starting out and I got the right kind of challenges. There was a lot of easy to follow material, videos and pdfs with stencils for business as well as bi weekly q&a sessions. I wanted for nothing. I would recommend BGM for anyone.
  
 
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   Tutors SA 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have gone through the Grow & Flourish program with Kristian; a full 3 – day in person one on one program, and some follow up workshops with Kristian and my team. First of all I was impressed with his ability to understand the business, the challenges and the opportunities at a rapid pace. The process followed to identify the business purpose, values and then the Strategic Plan was very well done! Working with Kristian was a real eye opener, not just from growing my business point of view, but also from “how to be persistent in maintaining a high level of self-discipline to maintain a super level of productivity to get things done”. I highly recommend Kristian for any growth, strategy and marketing related training, coaching and mentoring.
  
 
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   Karim Boktor 
 
 
 
 Trustindex verifies that the original source of the review is Google. Just spent 3 days with Kristian at the Evolve retreat and it has been amazing! So much clarity in business that I’ve gained.
  
 
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   Shane Staker 
 
 
 
 Trustindex verifies that the original source of the review is Google. Working with Kristian has been one of the best decisions I’ve made. He has helped me define my business purpose and push me forward faster than I could have anticipated.
  
 
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   Lourene Bevaart 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great Event!! Incredible! So many golden nuggets!
  
 
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   Amanda McNeil 
 
 
 
 Trustindex verifies that the original source of the review is Google. I recently attended the 1 day "Marketing for Growth" in person workshop with Kristian Livolsi and without a doubt, was the best value for money I have spent.  I walked away with so much value, tools to implement to help grow my business and help me get clearer on my target market.  Feeling very grateful that I took the time to invest in myself and make the effort to attend this event.  Can't wait for the next one!
  
 
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   Lourene Bevaart 
 
 
 
 Trustindex verifies that the original source of the review is Google. Working with Kristian has been an absolute game-changer for me. But it wasn’t always that way. Before connecting with Kristian, I soon found myself feeling like I was stuck in the same place—my business was healthy, but it wasn't growing. Without any structure, systems, or goals in place, I have struggled the last couple of years to take my business to the next level. After months of feeling stuck, I decided that it was time to take drastic action. So, I reached out to Kristian and embarked on a journey that changed everything. With Kristian’s help, I was able to create a clear 90-day plan as well as a 1-year plan that included structure and goals for my business. Not only did I feel more organised and focused, but I also gained clarity around who my target audience is—my “avatar”— my “Niche” so that instead of being everywhere at once, all my energy could be put into one specific area of focus. If you find yourself stuck in your professional journey like I did before reaching out for help from Kristian, don't hesitate! The best thing you can do is take action by connecting with someone who can provide the tools and strategies you need to level up your career quickly and efficiently. With their help, you too will be able to pave the way towards achieving your own professional success story!’ Lourene Bevaart