As a business owner or top executive, your priority is the survival and growth of your business. Sometimes you have to make tough choices. In a bad economy those choices may include scaling your business back. Of course, things like layoffs and down-sizing are not your first choice. You’ll make that choice if it’s your only option. But you’d prefer to GROW your way out of tough times, right?
My intention today is to give you some tools to help you avoid layoffs and down-sizing in a bad economy. I can’t PROMISE these tools will work — the choices you’ve made up to this point play a big part in what’s possible for your business. But these tools give you the best chance. It’s like this: if you’re lost in the woods at night, having a flashlight and compass doesn’t guarantee you’ll find your way out. But without them, you’re doomed!
Assess the Situation
Anthony Robbins says it best: See the situation AS it is, not WORSE than it is. But to do that, you need to have a clear perspective. Your vision can’t be clouded by stress and worry. In other words, you must be peaceful.
I’m sure you’ve had the experience where someone close to you was very worried about something, to the point where they were reacting foolishly in ways that only made the situation worse. But you were calm, so you could see quite clearly what the best, rational course of action was. That’s the power of a clear perspective.
In your business, you need to be passionate enough to inspire and innovate, yet detached enough to make all of the rational, clear-headed decisions that make your business successful. Too much passion and you lose that clear-headed perspective. Too much detachment and you stop inspiring and innovating. Inner peace is the bridge between those two worlds. Both clarity of perspective and creative inspiration arise from a state of inner peace.
The human mind is almost magical in what it can do. But when the mind is filled with worry or stress, it can’t function to its full capacity. When the mind is peaceful, that’s when the magic happens. When the mind is peaceful, that’s when the million dollar idea suddenly POPS into your consciousness. When the mind is peaceful, that’s when you suddenly have the perfect solution to your most intractable problem.
So how do you keep a peaceful mind in a bad economy? Separate the FACTS of the situation from your INTERPRETATION of the situation.
Normally, we see THROUGH the lens of our interpretation. It distorts things just like a funhouse mirror, making us think the facts are something they’re not. But when you acknowledge there is this lens of interpretation, you can recognize the distortion in what you’re looking at. And you can get at the actual facts, the actual information you need to make effective and powerful choices.
Assessing the situation means creating a clearer perspective by becoming more peaceful. When it comes to a strategy of action, we want to revisit earlier lessons in this email series and expand on them.
Team Productivity Saves Jobs
Parts 2 and 3 of this series went into detail on how to increase your productivity and use that as a strategy to grow your business. For employers, there’s an added layer. Instead of just focusing on your own productivity, you get to be a leader and increase the productivity of all of your employees.
Whole books have been written on this subject, so the best advice I can give in this limited space is that you lead by example and enroll your team. Increase your own productivity, and do so openly. Make it public. Encourage your managers and their staffs to do the same. Grow as a team. Then enroll everyone in increasing the productivity of the company as a whole. Set team goals and communicate why those team goals are important to each individual employee.
If there are 10 people in your business, for example, let them know that if everyone increased their productivity by 10%, that would save one person from getting laid off. Show them the connection between the success of the individual and the success of the company.
Peaceful Productivity for Teams
Even if you kept all of this a secret, practicing Peaceful Productivity will transform your life and your business. But when you lead others and train them to be more peaceful and productive, a powerful synergy happens. In a group, people learn at an exponential rate. Everyone benefits from each other’s insights and growth, not just their own. It’s like a chain reaction in an atomic bomb that explodes the growth of your business.
As a leader, you can create that experience in your company.
Be a leader today and sign up for this week’s free teleseminar called “Productivity & Peace of Mind — You Don’t Have to Sacrifice One for the Other.” You’ll learn:
- The 3 steps to increase your productivity
- The 3 steps to greater peace of mind
- The 2 paths to Peaceful Productivity
- And lots more…
And just think, if you can train your team to grow your business in a bad economy, what might be possible in a good economy? Pretty exciting thought, right?
Learn more about this free teleseminar, and sign up today:
©2008 Curtis G. Schmitt
This is the fourth in a daily series of five posts on how to respond to this mixture of hope and fear in the world today. Here’s the full list:
- Commit to Change
- Keep Your Job and Prosper (for busy professionals)
- Grow Your Business in a Bad Economy (for entrepreneurs)
- Avoid Layoffs and Down-sizing (for business owners & executives)
- Shape Your Child’s Future (for working parents)