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If you are running a business but are having problems in making in run effectively, may be should consider implementing a bit more freedom. Many people feel that a business needs to run on a specific framework of guidelines in order to be successful. Even though these are the theories and concepts that we study in our university years, in terms of practicality, you are looking at a big fat zero. Unfortunately many people feel that what we learn in books is what we will expect to see in the “real world”, when this is actually not the case. The concepts and strategies that have been outlines on running an effective business are only a simple framework of guidelines to help you on your way. They are not standards that necessarily need to be followed.

The more rigid your business is in terms of procedures, the more likelihood is that you are not doing as well as you could. This is where the concept of freedom and flexibility comes into play. One of the most important qualities that any successful business has is the ability to be flexible through applying more freedom. Businesses do not run in a text book framework world. If that was the case, we would be able to prepare well in advance for unexpected events. In actual fact, if the business world ran in a text book manner, such problems would not occur in the first place and we would be sitting in the perfect cash flow economy.

Seeing that we are currently faced with a financial crisis, it gives you an idea that there is a lot more to business then what has been taught in most business studies text books.

The importance of having freedom and flexibility both in and from your business can not be stressed enough. Knowing that you have the ability to adapt yourself to new unexpected situations will ensure that you are practically prepared for everything. For example say you introduced a new product into the market. Thinking that you were the first one to come up with the idea you would feel that you have won the majority of the mass market. Oblivious to your surroundings you realise that a competitor has in actual fact developed a better products that puts you out of business. That means that all of your costs incurred to make your product have gone down the drain.

Now in the case mentioned above, if you are a business that lacks freedom and flexibility, you would be looking at rounding up your business. However a business that has flexibility and freedom will be able to adapt accordingly and take a different yet effective approach to keep the business going. This was just a simple example of the importance of having freedom and flexibility in your business to ensure that you have every possible chance of being successful. If it is something that your business lacks, I think it is time that you reconsider.

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