Get All Access for $5/mo

It's Time To Start Saying Yes Again To be successful, we have to learn to say no. But there comes a time when you need to start saying yes again too. Here's why.

By Allon Raiz

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur South Africa, an international franchise of Entrepreneur Media.

Bigstock

I have witnessed myself transition from my early years as an entrepreneur, as someone who would say "yes' to everything, to someone who has slowly started saying "no' to more and more meetings, opportunities and functions.

At one level, this is the right thing to do. There is a well-known saying that states that we are defined more by the things that we say no to than those that we say yes to, and this is true until we find ourselves saying "no' to everything.

From a systems theory point of view, systems remain healthy if "fresh information' is integrated into the system, and closed systems, without the continuous flow of fresh information, ultimately die. I can apply this theory to my own business practice — the more I say "yes', the more access I have to "fresh information', and the more that I say "no', the more I close myself and my business off to opportunity.

One day, I had an out-of-body experience, watching myself say "no' to what, just a few years earlier, would have been an opportunity that I would have given my right arm for. I had become too cynical, too critical, and probably too complacent.

When to start saying yes again

The saying that we are defined by the things we say "no' to served as a comforter and excuse, allowing me to ignore the opportunity without any feeling of guilt. However, in the same meeting I changed my mind and told the shocked entrepreneur, who was sitting in front of me, that I was willing to give it a try. Although that particular opportunity did not result in a successful outcome, it was this failed opportunity that exposed me to an even bigger opportunity, which was an enormous success and a massive contribution to Raizcorp's strategic direction.

As I look back to that time, I am grateful that I became cynical early on in my entrepreneurial journey, and was able to extract myself from the milieu of the convenience of so easily being able to say "no'. The rule I share with those I mentor, and adhere to myself, is to listen to every opportunity and every conversation with an open mind, and with an opening mindset of "yes', only to become a "no' should the logic not stack, the values not match or the return on effort not be suitably high.

Logic Must Stack

In order to say "yes' to start a journey toward an opportunity, listen carefully for the logic. If something doesn't make sense, ask questions until it does and if, after exhaustive questioning, the opportunity still does not make sense logically, it's okay to say "no'.

Values Must Match

If the opportunity presented makes logical sense but contradicts your personal values, or if, in order to exploit the opportunity, you feel that the people with whom you need to work also do not match your values, it is alright to say "no'.

Return on Effort Must be High

When the logic stacks, and the values match, but the level of effort required relative to the return generated is low, it's also okay to say "no'. Many opportunities, when properly scrutinised, require an enormous amount of effort to precipitate the opportunity and, once precipitated, the opportunity only produces relatively low returns. In a time-starved and opportunity-rich environment, always choose opportunities that have the highest return relative to the effort.

While saying "yes' implies bold promise, it's important to remember that, if the logic stacks, the values match, and the return on effort is suitably high, the opportunity promises massive contribution to the success and strategic direction of your business. I encourage entrepreneurs to say "YES!' and approach the opportunity as a system that needs fresh information to remain healthy, operational and sustainable.

Allon Raiz

CEO: Raizcorp

Allon Raiz is the CEO of Raizcorp, the only privately-owned small business ‘prosperator’ in Allon Raiz is the CEO of Raizcorp. In 2008, Raiz was selected as a Young Global Leader by the World Economic Forum, and in 2011 he was appointed for the first time as a member of the Global Agenda Council on Fostering Entrepreneurship. Following a series of entrepreneurship master classes delivered at Oxford University in April 2014, Raiz has been recognised as the Entrepreneur-in-Residence at the University of Oxford’s Saïd Business School.
Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Money & Finance

5 Links You Need to Be Successful As a Day Trader

Mastering drive, computer skills, emotional regulation, situational awareness and discipline are essential for day trading success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Looking for a Remote Job? Here Are the Most In-Demand Skills to Have on Your Resume, According to Employers.

Employers are looking for interpersonal skills like teamwork as well as specific coding skills.

Entrepreneurs

How Albert van Wyk Made His First Million By Age 22

Becoming financially free starts with a millionaire mindset. Albert van Wyk decided in his early teens that he wanted more from life. He started with something as simple as mowing lawns. By 22 he'd paid off his first property.

Entrepreneurs

10 SA Entrepreneurs Who Built Their Businesses From Nothing

Remarkable stories about local entrepreneurs who built big businesses and well-known brands up from humble beginnings.