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7 Ways to Manage Uncertainty and Growth Simultaneously
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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Benefits of a learning culture
During the last recession, companies that invested in their employees, in part by providing the training they needed to move forward in their careers, enjoyed profit gains of 26 percent, compared t...
When hiring, screen for learners
- Ask about passion projects. Learners tend to pursue something else outside work (training for a marathon, playing with a band, etc.)
- Focus on curiosity as much as hard skills. Bring up problems currently facing the team and see how the candidate responds.
- One of the most important things to a learning mindset is the ability to admit you don't know something. So be aware of how they approach the things they don't understand.
Learning as a company policy
This means explicitly defining ongoing learning as a core company value.
Empowering employees can mean providing the time or money to enable learning - in other words, offering learning opportunities as a job benefit like health insurance.
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Prepare for rejection
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 o...
Find the blessings in rejection
In many cases, rejections are blessings in disguise. Maybe you don't want those customers that rejected your product.
Refer and direct those customers to your competitors that fit their needs. They certainly would not forget the lengths you went to. Such service is rare.
Feed your growth mindset
You might initially doubt yourself, question your competency and your self-worth but after you have weathered the storm, activate your growth mindset and start asking questions:
What can I do differently? What have I discovered about myself? What changes can I make? What will I do differently next time?
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Stay Adaptable
Careers and markets change over time, and you’ll need to be able to change in kind to remain relevant.
Thinking outside the box will help you stay adaptable. Your mind won’t be closed ...
Gain Flexibility
If you view things as unchangeable, then nothing can change for the better. By thinking outside the box and questioning the status quo, you’ll constantly be considering how you could improve something.
Greater Perspective
Thinking outside the box can expand your worldview, allowing you to have a greater perspective on the events in your life. When you’re willing to consider alternative ways and points of view, you can find more potential solutions.
A greater perspective can make you more receptive to different ideas, which means that you won’t be limited by a small worldview.
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