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Coping With Volatility In Your Business

Written by: Flo Schell

Article Overview: 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.

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Coping With Volatility In Your Business

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.

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Home > Franchises > Flo Schell > Coping With Volatility In Your Business
Article Tags: analysis tool, challenges, choices, confidence, economic challenge, inner strength, insecurity, intelligent decisions, rest of the world, spirit, spite, swot, truth, unpredictability, vitality, volatility

About the Author: Flo Schell
RSS for Flo's articles - Visit Flo's website

Flo Schell, EdM, is Founder of Franchise Coaching Systems and author of Stop Selling Start Clicking (MP Press, 2006). Ms. Schell has been featured in Success magazine and The Wall Street Journal. She is the former Vice President of Franchise Development for Sylvan Learning Systems. Sign up for free newsletters geared toward latest trends in sales and franchising at www.FloSchell.com. Learn more about her new book at www.stopsellingstartclicking.com

Click here to visit Flo's website
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