Tiger Woods wins PGA Event after 923 day drought – Can your business bounce back from a major set-back? 0

923 days later, back in business

As you can see from his website, Tiger Woods is a business. Like all businesses, his customers make him successful. On a fateful night in November, several years ago, he lost the trust of many of his customers (fans). Then there was the famous news conference and the rehab. His business lost sponsors. For those first few months it seemed like Tiger Woods as a business was over.

Yesterday all the newscasters could talk about was the new Tiger. One pointed out that many golfers have an initial burst of success, followed by a plateau, followed by a second wave of success in the sport.  Tiger’s initial burst of success included winning 71 PGA tournaments and the Arnold Palmer six times. His win yesterday is what is surely the first of many more as Tiger Woods continues to take the steps needed to once again be successful on the golf course.

As I watched Tiger play the final holes yesterday, my mind shot to the chapter in Peter Shankman’s book, Customer Service – New Rules for a Social Media World. In chapter five Peter talks about Stopping Small Problems From Becoming Big Problems.  On February 19, 2010, one of the headlines was “Will Tiger Woods quit golf for good?” That same day Tiger held a Press Conference. “People learned more about Tiger in the past 15 minutes” than they have through his whole career, said Geek Factory CEO Peter Shankman on Fox News.

After the news conference, Religion reporter Cathy Lynn Grossman outlined her thoughts on how Tiger could recover from this; Admit your wrongs, take responsibility for them, express your regrets to all who were harmed, and spell out your path to return to integrity and righteousness.

No one likes to think that something bad will happen to their business, but not having a plan on how to handle set-backs is bad. By thinking ahead about the unthinkable, you  may be able to minimize the damage, keep your customers and even turn them into raving fans in the end.

So it’s on to Augusta as the new Tiger continues to reinvent himself, both on and off the golf course.