The Risk of Giving Up Too Soon As an entrepreneur, the pressure to see immediate results can sometimes be overwhelming. This urgency often leads business owners to a critical juncture: the temptation to “jump ship” or scrap projects prematurely, driven by fear rather than strategic consideration. However, the key to enduring success lies in the balanced art of short and long-term planning, allowing for the cultivation of patience and persistence in the face of uncertainty. WHY DO WE RUSH TO SCRAP PROJECTS? The inclination to abandon projects at the first sign of trouble is a natural reaction to fear — fear of failure, fear of loss, or even fear of the unknown. Yet, it’s important to remember that most successful ventures were not built overnight. They required time, perseverance, and, most importantly, the courage to continue despite the odds. Abandoning projects too early not only forfeits potential opportunities for success but also stifles learning and growth that come from navigating through challenges. As you embark on new projects, the best way to prevent this fear is by creating short and long-term plans. SHORT-TERM VS. LONG-TERM PLANNING Short-term planning is essential for managing day-to-day operations, setting immediate goals, and responding to unforeseen challenges. It offers the flexibility to adapt quickly, a crucial trait in today’s ever-changing market. However, it’s the integration of long-term planning that transforms transient victories into sustained growth. Long-term planning encourages business owners to set their sights on broader horizons, envisioning where they want their business to be in the future and mapping out the strategic steps to get there. Whether it’s for tomorrow or the next five years, planning allows you not just to reach your goals but also to prepare for all the potential pitfalls that come along the way. When you know all the possible challenges ahead, you can face them confidently and strategically. Instead of jumping ship at the first sign of disaster, you can be proactive and work toward a solution that keeps your project from coming to an untimely end. The synergy between short and long-term planning forms the backbone of a resilient business strategy. It enables business owners to navigate the ups and downs of entrepreneurship with confidence, steering their ventures toward lasting success. Remember, patience and persistence are your allies. Avoid jumping ship too hastily; the breakthrough you seek may just be on the horizon. Part of planning for business owners involves assembling a legal team to minimize risk and protect owners from personal liability in the event the planning fails for whatever reason. If you need a consultation about a business project and the planning of the project, the experienced business lawyers at Douglass & Runger are here to help. Give us a call at 901-388-5805 to set up a strategy session with one of our lawyers.
Scallops and Spring Vegetables With Olive- Caper Pan Sauce
Inspired by EatingWell.com
INGREDIENTS • 2 tbsp extra-virgin olive oil, divided • 8 oz sea scallops, tough side muscle removed • Pinch of ground pepper • 8 oz asparagus (1/2 bunch), trimmed • 6 oz baby carrots, halved lengthwise • 1 medium shallot, minced
• 5 pitted green olives, coarsely chopped • 1 tbsp capers, chopped • 1 clove garlic, minced • 1/4 cup dry white wine • 1 tbsp butter • Chopped fresh parsley to garnish
DIRECTIONS 1. In a medium nonstick skillet over medium-high heat, add 1 tbsp oil. Pat scallops dry and sprinkle with pepper. Add scallops to pan and cook, flipping once, until browned and just cooked through, 1 1/2–2 minutes per side. Set aside. 2. In the pan, add remaining 1 tbsp oil, asparagus, and carrots and cook, stirring frequently, until tender, 2–3 minutes. 3. Add shallot, olives, capers, and garlic and cook until fragrant, about 1 minute. 4. Add wine and cook for 1 minute. Remove from heat and add butter; stir until melted. 5. Place veggies next to scallops, then drizzle with pan sauce. Serve with parsley if desired. INSPIRATION “If you carry joy in your heart, you can heal any moment.” —Carlos Santana
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