What Should Entrepreneurs Do When They Miss a Deadline?
Despite best efforts, missed deadlines can still occur. Hereâs what entrepreneurs should do:
Acknowledge the Delay: Being transparent about the delay with all stakeholders is crucial. It shows responsibility and professionalism. Analyze the Cause: Understanding why the deadline was missed can help in preventing future occurrences. Set a New Deadline: Establishing a new, realistic deadline and sticking to it can help regain trust. Implement Changes: Making necessary adjustments to processes, resources, or planning can prevent similar issues in the future.