Yesterday, the world’s fairy Godmother, Oprah Winfrey had to go back to Color Purple Sophia Oprah. “All My Life I Had To Fight,” were the famous lines from her role in the Steven Spielberg Motion Picture but yesterday she had to fight to keep her company.
OWN, her television network, has been struggling to survive since day one. She realizes she has her work cut out. That’s why yesterday she rolled up her sleeves and decided to fight to keep her company alive. 1/5 of her staff had to be fired to save money.
Now, in no way is she or the company bankrupt but it just goes to show you how great of a business mind she is. Mother O was teaching the world without even attempting to.
There is nothing wrong with letting a business go. There is nothing wrong with letting people go. If Oprah had to fire people with all the income she has then what makes you think you owe your employees anything but honesty. If the company is falling and you have to cut then that’s just what it is.
It does not mean you are a bad business person. It doesn’t mean you aren’t a great leader. It just means the product is either
1. In the wrong place.
2. In the wrong season.
3. In the wrong hands.
Sometimes, it’s all the above. But even if so, either you are going to let it suck you in and milk you dry or you must take proper steps to come out alive.
Business owners feel like their business ideas are their babies. Well, some babies live long and mature to be adults while unfortunately some kids die young. Some even die as stillborns. Just like a parent, you don’t get to decide how long yours will live. Sometimes, you can do everything right and invest everything you have into it and it just doesn’t click.
Maybe it’s because we’re so churchy now. Not every business idea is a Vision from God to save the world. Good Lord Almighty! People will open a lemonade stand and say God told them to do it because their lemonade is blessed to save the dying world. Are you serious? If it ain’t making money close that son of gun down and try the next best thing.
I do believe Visions should be God inspired but I don’t believe every successful business was an idea by God meant to be a ministry. If YOU are inspired by God then let the inspiration make you a businessman of His Integrity. However, your burger joint doesn’t need to be named God’s Light Burgers & Fries!
Oprah proves: Men lie. Women lie. Numbers don’t. As popular as she is, the network only reached 40M people in its first year. Her highest rated show in the network happened just recently when she interviewed Bobby Kristina Brown. Even that show only reached 3M viewers.
It doesn’t mean she is a bad business person. It doesn’t mean people don’t like Oprah. It simply means when you are being sucked in you have to cut back to save it or eventually you’ll have to let it go.
Don’t lose any rhythm at all. Just start on the next thing.