Fuel growth while managing uncertainty
- Prepare for multiple outcomes that are within your control.
- Refine your business plan. Adjust your strategies to your business’s current situation so you can update your value proposition.
- Recognize opportunity to grow.
- Get quality control in order. Define what "high-quality" means in terms of your company and its offerings. .
- Have a firm grasp of key financial numbers and other KPIs so you can make the appropriate changes quickly.
- Diversify your products and services.
- Evaluate how you and your team spend your time. It helps you to stay focused on the tasks that can actually grow your business.
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A culture of learning means mistakes are important - be sure not to punish mistakes.
They happen when people try something new, which is the kind of behavior that leads to breakthroughs and innovations.
Always have a rejection-processing protocol in place. Debrief with personal and professional support people who can empathize and appreciate your experiences without passing judgment, criticizing or looking to give you immediate advice.
Overcoming rejection actually occurs from accepting the emotions that come with it.
As we face uncertainty, our brains push us to overreact in a place where emotions, such as anxiety and fear, are generated. And these inhibit good decision-making.
Overriding this mechanism to shift this thinking in a rational direction requires emotional intelligence (EQ).
Overriding this mechanism to shift this thinking in a rational direction requires emotional intelligence (EQ).