Resiliency – Steven’s Blog 22 December
This week in the every Tuesday Club Aleen Bayard talks about how to make your business resilient.
There’s an old saying “when the going gets tough, the tough get going”. That’s quite inspirational as a cliché. But how do you actually put that into practice in your business? The best way is to develop individual and institutional resiliency.
Resiliency is not a word we often use, but it’s actually what’s called for in a difficult market. And the most important quality of being resilient is being realistic versus being optimistic. It doesn’t mean that you shouldn’t have hope and be positive with your workforce. But it’s more important to get through a difficult market when you’re being absolutely realistic, and you understand what’s happening in your business.
Here are some leadership questions you might want to think about when you are determining how you can develop more resiliency.
1. Do you have a good sense of reality?
2. What truths are you denying about your business?
3. Are your assumptions based on the past or do you have a good sense of the future?
4. What opportunities exist in this scenario?
That’s another important part about being resilient, being opportunistic.
People often confuse brute strength with resiliency. It’s kind of like the difference between being a boxer and being a gymnast. The boxer uses brute strength, the gymnast is much more flexible. In this market place, you want to be more like the gymnast.
If you haven’t taken the opportunity to sign up to the Every Tuesday Club with MBE (Management & Business Education), then do so today by going to www.buseducation.com.