HOW TO BE RESILIENT IN BUSINESS

Humans don’t like change. If you look at various scientific studies on how we cope with change, the results aren’t that wonderful. Right now, with world events being what they are, we are dealing with a ridiculous amount of change. It has been a challenging journey for so many.

The pandemic aside, when you are in business, you need to become better with change. You need to be resilient and resourceful, go with the flow and adapt. If change isn’t easy, though, how do you become more resilient in business? Here are a few tips.

KEEP ON TOP OF NEW TRENDS IN YOUR FIELD

What worked yesterday might not work today. Business owners have to keep learning constantly. If we are to grow our business to new heights, we need to be open to educating ourselves on how to do that and not be stuck in a rut when things don’t go according to plan.

For those of you who thought school was over once you graduated, au contraire mon ami. You need to keep learning, reading, taking courses, and experiencing new things so your business can thrive. The school of life never stops.

STAY FOCUSED BUT ALLOW FOR THE UNEXPECTED

Do you have a plan A, B, and even a C? If not, you should. No one could have predicted a global pandemic, but it unfortunately happened. That is why you can’t always expect plan A to work out. Granted, it might work out, however there is no way of knowing for sure.

Myself, I have always been someone who has a lot of passions and hobbies. While being multifaceted sometimes distracts me, I will admit, it also allows me to pivot when things go sideways. It gives me opportunities to blend ideas from different types of businesses and create new ways of doing things.

HAVE MULTIPLE STREAMS OF REVENUE

When one idea doesn’t work out, you can always move to the next. It’s a good idea as a business owner to have multiple streams of revenue. It allows you to move from one thing to the next and make money in one area when another is slow.

Multiple streams don’t have to be tasks that require you to be in person with a client or customer. They can include things like books, pre-recorded webinars, courses and more. Side note: with five books on Amazon and counting as well as a podcast, if you want to get up and running with a few of those, “make money while you sleep” revenue options, I am happy to help.

THINK POSITIVELY – NEGATIVE THINKING WILL LEAD YOU DOWN THE RABBIT HOLE

I would wager a guess that most entrepreneurs are optimists. Just in case you find yourself going into pessimist territory, remember that there is always something good that can come out of every situation even if, at the time, it can seem hopeless.

If you are someone who tends to think negatively, challenge yourself to think of three positive things about a particular situation, and I guarantee it will help you feel better. Resiliency isn’t just being comfortable with change; it’s having the mindset that no matter what happens, you will figure it out.

DON’T BE AFRAID TO TRY NEW THINGS

If you don’t try, you won’t fail, but you also won’t win either. Some of the best ideas, inventions, and business opportunities have come out of people pushing the envelope or simply being open to trying something new and different.

As cliche as it sounds, you only get one life, so why not make it the best it can be. Push yourself, explore new ideas and you’ll be surprised how resilient you are.

SOMETIMES YOU NEED A LITTLE DETERMINATION

I can’t remember the amount of times that Colonel Sanders pitched his Kentucky Fried Chicken franchise idea but it was a lot. He got rejected over and over. He was resilient though. He recovered from those rejections quickly and kept moving forward no matter what. I think in his case, he knew what he wanted to achieve, had a good product and was ironclad in his pursuit of achieving his goal.

You could also argue that Colonel Sanders was determined. It goes hand in hand with resilience. Evolving and shifting but being resolute in one’s purpose. A “why” exercise can help shed light on your purpose. Once you have your purpose set in stone it is easier to be resilient. If for example your purpose was, to help people, that can be achieved with many different businesses. You can easily switch gears if you know “why” you are doing something.

TAKE CARE OF YOURSELF SO YOU CAN TAKE CARE OF YOUR BUSINESS

A quick story for you. My stepfather ran a business for thirty years. He was great at what he did, but he wasn’t the best at taking care of himself. He smoked, drank, and rarely exercised. The worse his health became, the worse his business functioned. Sadly, his health problems were ultimately the reason he passed away in his 60th year.

You need to take care of yourself. You can’t be resilient when you are running on zero. Exercise, eat right, get enough sleep. If it’s not the right time, there is no shame in putting your dreams on hold, either. Many an entrepreneur has experienced success later in life. Do what you need to do today for a happy, healthy future.

What are some ways you have been resilient during the pandemic? Feel free to post in the comments below.

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