If the Global Pandemic isn’t the definition of a life-altering event, then nothing is. The spread of COVID 19 has changed lives all over the world. Not only has it served as a reminder of how fragile life is, it has put a spotlight on the need for crisis and recovery plans that extend far beyond a natural disaster event.
Business owners world-wide have been adjusting, pivoting and in some cases panicking because they were not prepared for the extent of the impact the Pandemic would have on their operations. Scrambling to survive, business owners struggled and continue to wrestle with the financial impact of closures, restrictive health and safety requirements and changes to the way they did business. Many owners were surprised and were left reeling because they didn’t have effective plans in place to withstand the threat on their business. Sadly, many small business owners have lost the battle with the virus that has infected their business’ future.
Since mid-March however, ActionCOACH® certified business coaches have been working with businesses of all sizes world-wide to create plans to help them stem the tide of any disaster. Using proven systems and processes, ActionCOACHes have been helping business owners not only outlast the effects of the virus, they are actively guiding their clients coaching them through the development of future infrastructure to safeguard their businesses in the future.
This global event identifies some gaps in most small business’s practices. The lack of formal planning and the absence of some fundamental guidelines put small businesses at risk. Because most business owners tend to be reactionary instead of being proactive, they don’t take time to establish some safeguards to fend of threats. It’s hard enough to keep the doors open under normal conditions, in times of crisis, if they don’t have concrete plans, they will see their business attacked once again.
What are some specific lessons business owners can learn from in addition to hiring a professional business coach? Here is a short list of just a few measures business owners can begin taking today.
Whether in good times or in bad times, creating more effective and efficient processes and procedures may not be “exciting” but based on current history it is critical.
Back in the 1700s, Ben Franklin, one of our founding fathers was prophetic when he declared “an ounce of prevention is worth a pound of cure”. Take his advice and invest some time in preventative care instead of suffering consequences in the future.
Sign up for a complimentary coaching session and find out how a small investment in your present business can lead to a more profitable and secure future.
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