Everyone experiences this!
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
June 29, 2021 | 6 Minute Read
“What does he mean by this?”, you might wonder.
Answer: Growth Plateau
Look at the typical growth curve of a firm.
You have 2 choices when you hit a Growth Plateau:
Choice A) Do something about it.
- Invest in the Firm.
- Unlearn, Relearn, and Practice, Practice and Practice (on the way to Mastery). It is important to do the work. The Hard Work.
When you do something new, it seems like you are falling behind, and in fact you will. You are taking 2 steps behind to run fast like a tiger taking 2 steps behind.
Look at the Valley of Death in the above Sketch. You have to survive this. This can easily last for 3-12 months or more depending on the way you do it. Most people give up in the valley of death when they do not find the quick success they were hoping to find. Some people do find success, and most will if they keep doing the work consistently day after day.
Some excuses or reasons that you tell yourself during the valley of death journey (Trust me there are many more):
- I met with 3 people, and they didn’t sign up.
- This will never work.
- HNIs do not understand this.
Choice B) Do nothing and hope it will Pass.
Many are in this camp. They indulge in wishful thinking that everything will be fine. If this was not enough, they again get into wishful thinking but this time as a group. It appears that these firms are growing thanks to Mark to Market appreciation, but needless to say, such firms have entered a phase of steady decline. This is similar to the damage caused by termites. Things look fine on the outside, but these are times when most founders destroy value in their firms by practically doing nothing.
What will you do?
The Quick Fix person will leave once they hit a growth plateau and start doing something else.
Stressors freak out at the plateau and end up taking stress. They become super indecisive. They move from one webinar to another but seldom make decisions for doing what needs to be done.
Masters on the other hand say, “You are here sooner than I thought” and then go about figuring out how to overcome the plateau.
Therefore, masters are masters. When people encounter plateaus, they are discouraged, and many quit or stop doing stuff. Masters know it is normal and they keep going on. They do not stop.
As we all know in muscle building “The burn is where the growth starts“.
Similar Post
Growth
The Serendipity when we take ACTION!
Webster defines “Serendipity” as “the faculty or phenomenon of finding valuable or agreeable things not sought for.” In short, lovely things happen to us even when we are ....Read More
13 July, 2021 | 5 Minute Read
Growth
The Power of Story in your Work
What comes to your mind when you hear the word “Story”? Chances are you might think of fiction or drama or a movie. Media folks think of it as something to report or write abou ....Read More
24 November, 2020 | 6 Minute Read
Growth
The Lion and the Cage
Have you heard the story of lions who were rescued from a burning forest? If not, you are about to hear this one. This is not just some random story that I wanted to narrate but on ....Read More
26 September, 2023 | 5 Minute Read
Growth
The Massive Improvement
For many of us, the end of the year brings up these fancy feelings about New Year's resolutions. This year though, I decided to do something radical or different. Instead of waiti ....Read More
3 January, 2023 | 5 Minute Read
Growth
What’s Your Strategy?
What would you say if I asked you this question – Are you ambitious? Chances are you might say – “Of course I am ambitious...” That’s great if you are, but many people c ....Read More
29 August, 2023 | 5 Minute Read
Growth
The 2024 Priorities for CEOs
In December 2023, McKinsey published an interesting report – What matters most? Eight CEO priorities for 2024. I thought some of the points might be useful for you. Since it’s ....Read More
23 January, 2024 | 7 Minute Read
- 0
- 1
0 Comments