The CEO of Triumph Packaging Group, Randall Cecola was instrumental in shifting the company’s financial distress. Under the leadership of Randy Cecola, Triumph Packaging Group now experiences profitability, innovation, and efficient operational standards.
Failure and disappointment walk uninvited into every life and every business venture. These factors infiltrate business partnerships, product ranges, and all manner of corporate experiments. There are practical ways to apply the old adage “when life gives you lemons, make lemonade” to daily business practices. Each loss or failed experiment can become a positive educational process, albeit a sometimes expensive one. When work life delivers lemons, one can use them to make the next venture a great success.
If one loses a client, the next step could involve scheduling a meeting and initiating a debriefing. Professionals should not ignore the valuable information about their business practices that a client gives by requesting an end to the relationship. Sometimes, the fit is simply wrong; other times, an aspect of one’s service or delivery may lack necessary virtues. One can also attempt to find out where the former client took his or her business. A subsequent analysis of the competition’s draw may assist one in modifying proposals and practices.