We hear a lot today about Northern Pulp in Pictou, N.S., and how the closure is affecting a lot of people and businesses. Like any business, there are ups and downs. There are always two sides to every story and people will take one side or the other.
I have been in situations myself in business over the years that weren’t so favourable. I didn’t look at these situations as failures. Instead, I looked at them as learning or teaching moments. What can I learn from this? Maybe I need to diversify now, or maybe sell off my business and start something else. Whatever the case may be, people are resilient and can think of ways to move forward in a positive light no matter what the circumstances.
Here we have a pulp mill that has been in operation for a very long time employing a lot of people. The Nova Scotia Government has decided to not renew the permit for the Boat Harbour affluent plant to keep operating, unless it is rebuilt. Because of this decision, the mill has decided to shut down operations, putting a lot of people out of work.
The workers are blaming the Government, the Government is blaming the mill, and so on. We all have our own opinions about what is right and what is wrong in this case. This is not the first industry to close in Nova Scotia, and it won’t be the last. There is always a golden goose waiting to take its place. At the time of impact, we tend not to see what the golden goose is or in what form it will show up.
Now, some people might say that my goose is overdone here. That’s probably because in the time of impact, people typically don’t see into the future and what is possible. When any big industry in any area shuts down, there are huge spin-off effects that can’t be seen until they happen. Job losses leave people with a lot less money to spend at other businesses, and sometimes those other businesses close due to lack of business. It’s a ripple effect.
As humans, we tend to default to our past beliefs that we won’t succeed, won’t be good enough, or we won’t be loved in one form or another. This leads us to a negative way of thinking every time something happens. What if we changed that and thought about what could be possible? How would that affect our life, and how would our stress be different?
“When change happens, it’s time for growth, embrace it and move forward.”The Mindful Trucker
If you’re looking to diversify your business, “Diversification Strategy” is a good read to help you understand how to do it.
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If you are an entrepreneur in business and are struggling with an industry closure in your area, are stuck, and not sure which way to go, contact us at email@example.com or visit themindfultrucker.com to see how we can help you.