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“You don’t drown by falling in the water; you drown by staying there.”

— Edwin Louis Cole

Principia, LLC (prin-ˈki-pē-a) is a management consulting firm located in Detroit, Michigan that is working to link America’s economic recovery to the “Green Collar” Agenda (i.e. the use of cutting-edge technology to combat issues of environmental crises and the training of underserved communities to become the next generation of technologists in support of these sectors). Principia, LLC specializes in work with senior leaders who understand the role change plays in successful enterprises and the benefit of seasoned, unbiased and independent professional counsel.

Much of Principia’s work is focused on helping clients understand the societal impact of environmentally clean, sustainable choices

Service areas

Strategic advice and counsel to:
  • Make smart, clean, sustainable choices for “power, products, process”
  • Improve processes critical to institutional progress
Planning expertise, experience and temperament to help leaders:
  • Driving organizational change in resource-starved settings
  • Working confidently through critical but painful personnel changes
Community outreach know-how to:
  • Connect clients w/leaders at local/state/federal level to advance critical agendas
  • Build key linkages that foster trust and strengthen support
Principia is a proven asset for advocacy, dispute resolution, and coalition building
Interim executive services to:
  • Advance strategic initiatives that assure the organization stays on track
  • Assist senior leadership teams interview and select a permanent replacement
  • Diagnose and implement important but sometimes unpopular internal change
September 2019: NEW EXECUTIVE COACHING
The past 2 decades have seen Principia bring a well-developed set of interpersonal talents to the informal coaching and mentoring of C-Suite leaders in Detroit nonprofits.  Principia is now making executive coaching a regular part of its service menu

Client Feedback: “Principia identified the priorities, the teams to be formed and the work process and activities that needed to take place prior to the visit. Their quick assessment and guidance helped us ultimately succeed in renewing our accreditation.”

                           Amanda Caballero-Holmes,  Executive Director,  Latino Family Services
Bottom line: If you are interested in driving marked improvement in your team’s ability to address your particular challenges, please call (313) 909.3034.

 

 

 

 

Recent Posts

What to Do When Your Small Business Closes … A guest post

Picture1Image via Unsplash

What to Do When Your Small Business Closes

By Carla Lopez

If your small business has recently closed its doors, you are not alone. In fact, Coresight Research CEO and Founder Deborah Weinswig has predicted that 15,000 or more retailers will have closed their doors by the end of the year. However, retail is not the only industry that’s fallen on hard times. Particularly due to the novel coronavirus outbreak, a wide variety of industries are struggling because consumers are simply not going out and purchasing goods or services.

Whether it’s due to the outbreak or because of another reason, now that your business is closed, the question is: What do you do? From embracing the failure to making ends meet to dreaming up your next venture, here are some tips to guide you along the way as you keep moving forward.

Come to Terms with Your Circumstances

Possibly the hardest part of experiencing a business closure is accepting that it’s over. However, it’s important not only to accept that your business is closing but also to embrace it. Remember that just because your business failed doesn’t mean that you are a failure. Many, if not most, of the world’s most successful entrepreneurs failed time and time again before realizing success. But the only way to move on is to embrace the moment and assess why your business failed so that you can know what changes to make next time.

Keep Working

Another hard but necessary step to take after your business closes is to find other ways to bring in some income. The reason it’s difficult is because you might have to do something outside of your perceived career path just so that you can make ends meet. This can feel like you’re taking a step back. However, it’s important to look at the situation in two ways:

  1. At most, this is temporary, and being able to pay your bills as you prepare for your next business venture is a good thing.
  2. There’s a chance that you could find a new occupation that you end up enjoying and thriving in. Then, you could either keep working as an employee for a while or turn it into a business.

One of the best methods for finding work after your business is closed is to join an online job board like Upwork. Employers from all over the world use such sites to hire freelancers for a wide variety of tasks and projects. This could bring about an opportunity for you to not only make some money but also regain your professional footing and possibly find an industry that you love.

Start Thinking of Your Next Venture

Successful entrepreneurs are constantly thinking about the next thing. Even when their company is successful, they are mulling over ways to improve and evolve in every aspect of their operations. The same goes for when your business fails. You must always be thinking of what your next venture could be and how you can get the ball rolling.

Take Care of Yourself

Last but not least: Practice self-care. Fostering your overall health and well-being is essential to living a fulfilling life, and that includes starting and running your next business. Be sure to practice basic hygiene each day, maintain a healthy diet and exercise routine, and get plenty of rest. Also, look for ways that you can relax, such as spending time with loved ones, taking on a hobby, reading a book, and so on.

Summing It All Up

Experiencing a closure of your business can be devastating, and it can feel impossible to bounce back from. But if you respond with the right approach, you can turn it into an opportunity for something better. Remember to accept your business failure, find a way to make ends meet while you’re in transition, keep thinking about your next venture, and practice self-care each day. Through it all, keep in mind that there is a light at the end of the tunnel.

Carla Lopez retired a couple of years ago, but she didn’t lose her entrepreneurial spirit. She created Boomer Biz for retirees like herself who still have a desire to work and achieve. The site is a resource for people in their golden years who want to start their own business or go back to work doing what they love. 
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