Why You Should Look at Challenges as Business Opportunities and How To Get Started

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When you face challenges, as a professional, business owner, or network marketer, how do you face them? While our first instinct may be to run, panic or let stress take over, those reactions don’t benefit your business. On the other hand, when you look at challenges as business opportunities, you will come out on top and your business will grow.

As a residual income coach in Canada, I help people make their dreams of starting a business and increasing their revenue a reality. I also help people set goals and then make strategic plans that will help them be successful, and part of your strategic plan should be to look at challenges as opportunities.

How Challenges can Become Opportunities

Right now, it may be hard to understand how challenges can become opportunities. However, by focusing on the big picture and understanding how challenges force you to grow, hone skills, develop your business and enhance your career, you will be rewarded.

In essence, challenges are difficult tasks or circumstances that are usually unexpected. We tend to look at challenges as negative things, things we don’t want to deal with or things that inhibit us from reaching our goals.

While challenges can certainly be bad, they can also present new opportunities. The adage that “when one door closes another one opens,” is absolutely true and can be applied to most circumstances.

For example, a common challenge is the loss of a sale or pattern of decreased sales. Your first thought might be to regard this as a challenge your business can’t easily overcome. However, this situation can present opportunities if it inspires you to reassess your sales approach and try new things. This challenge could lead to a new sales strategy, which you wouldn’t otherwise have the opportunity to develop, that helps you double your sales in the coming months.

Challenges become opportunities as we start to look at them as chances to do something more, make something better or change our strategy so we can be more successful.

How to Start Finding Opportunities

So how can you apply this theory to your own business? By thinking through challenges and determining how you can make them work for you instead of against you. Instead of approaching challenges as a negative thing that you need to get rid of right away, approach them as a chance to learn something new and improve what you do.

Every time you face a challenge, ask yourself “How can this benefit my business?” To do this, you’ll have to look below the surface and consider what you can gain or learn from the challenge.

In most cases, this question won’t be easy to answer, but with some creative thinking you will start to see the challenge as an opportunity. This line of thinking will help you find the positive points in challenges you face.

But, turning challenges into opportunities does more than just help you get through them, it helps your business grow. If you never stretch, challenge yourself or try new things, your level of success will remain constant. You’ll never achieve greater things, reach your goals or improve your lifestyle as a business owner.

As you learn to make challenges work for you, find benefits despite tough circumstances and learn to look at challenges as opportunities, you will see whole new levels of success as an individual and for your business.

I am a professional business consultant in Canada and can help you learn to turn challenges into opportunities as you find new ways to earn residual income. To get started, contact me. You can also connect with me on Facebook to get business tips and advice on how to earn a residual income.

About the author 

Deborah MacDonald

After almost 25 years as an entrepreneur, I continue to grow my business, my passive income streams and my wealth. And now I mentor others on their wealth journeys by teaching them how to fund their own freedom lifestyle.

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