Coping With Volatility In Your Business
Coping With Volatility In Your Business
And we’ve made big choices: Shall we give in to the volatility? Or shall we remain vital in spite of it?
Here's what I think: every day we get to wake up and figure stuff out. So today is no different than any other...although for sure the ‘stuff’ feels bigger.
On the best of days, you wake up strong and rested, ready to meet whatever challenges are out there. Your will is solid, your skills are honed, your confidence is up, and your spirit is filled with vitality.
On the worst of days, you wake up tired, sluggish, lacking in confidence and dreading what the day brings. Your spirit is low and it all feels too big to manage.
When the volatility of the world is taking its toll… you may feel you have no other choice but to give in to it. But the truth is…you do have a choice.
Here are some steps to consider:
1. Think of other unstable situations you’ve been in. How have you handled them? What inner strength did you rely on? Can you reach inside and find it again?
2. What support people did you turn to for advice on how to handle the insecurity or unpredictability?
3. Is it time to re-engage your support team?
4. Look to the SWOT as a reliable analysis tool. Identify each of the following:
S=Current Strengths W=Current Weaknesses
O= Possible opportunities T=Current Threats
5. Discuss the SWOT results with your support team.
6. Make careful, intelligent decisions about what to do next.
7. Take one action that will lead to a positive result.
8. Watch as your vitality goes up with each small success.
And become the one vital force that people turn to when the rest of the world seems to be falling apart.
Coping With Volatility In Your Business - To learn more about this author, visit Flo Schell's Website.
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Ok, the world is not performing up to par these days. While this particular economic challenge is certainly more frightening than usual…the truth is we’ve faced big stuff before.
And we’ve made big choices: Shall we give in to the volatility? Or shall we remain vital in spite of it?
Here's what I think: every day we get to wake up and figure stuff out. So today is no different than any other...although for sure the ‘stuff’ feels bigger.
On the best of days, you wake up strong and rested, ready to meet whatever challenges are out there. Your will is solid, your skills are honed, your confidence is up, and your spirit is filled with vitality.
On the worst of days, you wake up tired, sluggish, lacking in confidence and dreading what the day brings. Your spirit is low and it all feels too big to manage.
When the volatility of the world is taking its toll… you may feel you have no other choice but to give in to it. But the truth is…you do have a choice.
Here are some steps to consider:
1. Think of other unstable situations you’ve been in. How have you handled them? What inner strength did you rely on? Can you reach inside and find it again?
2. What support people did you turn to for advice on how to handle the insecurity or unpredictability?
3. Is it time to re-engage your support team?
4. Look to the SWOT as a reliable analysis tool. Identify each of the following:
S=Current Strengths W=Current Weaknesses
O= Possible opportunities T=Current Threats
5. Discuss the SWOT results with your support team.
6. Make careful, intelligent decisions about what to do next.
7. Take one action that will lead to a positive result.
8. Watch as your vitality goes up with each small success.
And become the one vital force that people turn to when the rest of the world seems to be falling apart.
Coping With Volatility In Your Business - To learn more about this author, visit Flo Schell's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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