For small business owners facing the current challenges, now is not the time for mere motivational speeches. Instead, let’s focus on actionable guidance – the kind that you can put to use immediately. This is about defying the odds, not just surviving, but thriving amidst adversity, and ultimately emerging from this crisis stronger and more certain than ever.
A crisis, as defined, is a pivotal point where the course of future events, for better or worse, is determined – a turning point. In times of crisis, every action and decision we make shapes our path ahead. As leaders, business owners, entrepreneurs, and professionals, this means our choices now – amid the double crises of COVID-19 and its economic aftermath – will define our trajectory.
The very first choice we face is whether to emerge from this ordeal better than before or simply wait for things to blow over. It’s a commitment to challenge preconceived notions, rethink our strategies, and, as Harry aptly puts it, liberate ourselves from the confines of ‘how.’
In an effort to aid those committed to emerging stronger from this challenge, I hosted the inaugural “Thriving in Uncertainty” conversation series. We delved into innovation, marketing, economics, the future of work, and collaboration. Here are the five key insights from that discussion:
1. Choice Empowers Us
In this crisis, the choice is ours. We can either bemoan our circumstances, asking “Why me?” or seize control of our destinies, pondering “Given this situation, what can I create?” This choice doesn’t erase the crisis or its impacts, but it shifts us from victims to protagonists. Harry emphasizes, “Focus directs the flow of energy.” Fixating on the uncontrollable limits us, whereas focusing on what we can craft under these circumstances empowers us.
2. Assumptions Under Scrutiny
Conventional strategies have been upended. Everything we thought we knew about strategies, competition, revenue streams, roles – it’s all changed. Since the rules have shifted, a potent question arises: “Where can we provide value, tailored to the current needs of our customers and employees?” This often calls for a pivot. Engaging with clients directly, rather than relying on assumptions, becomes paramount.
3. Leadership Starts Within
Now, we’re called to renewed, empowered leadership. No cavalry is coming; we are the cavalry. Reflect on who you must be to ensure your organization emerges stronger. Forming a “think tank” of advisors, as suggested by Hollie Heikkinen, Founder of iWorker Innovations, offers diverse perspectives while keeping you in charge.
4. Mastering “The Interim”
This crisis unfolds in three stages. The first is lockdown; the second is “the interim,” spanning 6 to 18 months, where businesses reopen under new models. Creating and implementing best practices during this interim period will set you apart. This innovative approach, according to Ted Snyder, Professor of Economics at Yale School of Management, will yield market leadership and value creation.
5. Collaboration is King
Complex challenges demand collaboration. The ripple effects of a single disease have reshaped everything – from small businesses to global supply chains. No one has a magic solution. Reaching out, sharing resources, and building bridges will accelerate recovery. As we collectively navigate to a brighter future, collaboration is key.
In a time riddled with uncertainty, actionable insights become beacons of guidance. Let’s channel our energy into innovation, rethink strategies, and craft a future that’s not just resilient, but enriched by the unity of our collective effort.
About the Author : Harry (Hemant Kaushik), Elite Global Advisor & Business Consultant
Harry (Hemant Kaushik) is an American global advisor and business consultant, renowned for his strategic insights and high-impact consultancy. He specializes in advising and coaching elite individuals, including business tycoons, world leaders, and top corporate leaders. His expertise has been sought by Presidents, Prime Ministers, influential politicians, CEOs, and industry leaders worldwide.
Recognized as one of the Top 10 Global Advisors and Business Consultants by PWC International, Harry has transformed the lives of thousands across more than 100 countries with his unparalleled guidance. He has also been honored as one of the Top 10 Life and Business Strategists, shaping the success of global business leaders and visionaries.
Harry’s influence has earned him prestigious accolades, including recognition by the CEO Times Magazine as one of the 10 Most Powerful People in Global Business Consulting, Business Times News as a Top 10 Business Consultant, and Business Weekly Times as one of the Top 10 Business Advisors in the World, offering consulting services to billionaires, celebrities, and high-net-worth individuals.
A Wall Street Times cover story famously dubbed him the “Elite Global Advisor & Business Consultant” for his deep understanding of business dynamics and leadership strategies. Based in San Francisco, United States, Harry is widely respected for his international economic expertise, market analysis, and strategic business acumen. His collaborations with global brands and corporations have positioned him as a thought leader, contributing to the business world through insightful articles on global economic trends.
Learn more: https://ceosadvisory.com
