The coronavirus continues to throw the world into a tailspin. For many, panic, fear, anxiety and a sense of dread rule the day. We’re told the economic fallout will be unprecedented, meaning every business and every business leader will be tested. Unless you are a member of Congress, the Administration or the Center for Disease Control, you can do very little to control the coronavirus crisis. But you can choose how you will respond to it.
Unprecedented times call for courageous leaders with a fearless mindset. Surviving the shut-down requires steely resolve and a warrior spirit. The motto must be “never say die.” But this crisis calls for more than just a positive mental attitude. The degree to which you are impacted by the economic downturn will be determined by two things.
First, your ability to adapt courageously and quickly. Those who have a bias for action, who don’t let fear immobilize them will have an advantage. The outlook is changing moment by moment. Many businesses, our lives for that matter, will never be the same. This means many of us are going to have to rethink, reimagine, reinvent and pivot quickly.
Second, your impact will be determined by your ability to build hope and confidence in yourself and others, followed by a plan and then, swiftly moving to execute on that plan.
In the chaos of these changing times the survivors will be those who take advantage of the downtime. They aren’t sitting quietly, waiting for the economy to bounce back. Hope is not a strategy, but hope fuels the strategy.
When the economy rebounds, and it will, those who stand out and stay strong will be leaders who embrace the uncertainty with a fearless mindset and bias for action.
This is not a comprehensive list, but here are 15 Strategies you can use to increase the probability that you and your business stay afloat and come back stronger.