Many economists are predicting an upcoming downturn. Are you prepared? Is your Business prepared? Is your mind prepared?
Are you ready? Many people may not be ready for another big adjustment. But, predictably, it’s on its way. Now you will likely hear or read about steps for exactly what to do prepare for and survive a downturn, but I’m an executive coach that mostly works with people on recognizing blind spots and expanding thoughts. However, my objective is to make you aware of some of the things that will be necessary in a downturn and to help you be more open minded.
Here are a few quick points of things you may need to do during the downturn and the mindset that supports them:
Are You Sufficiently Over the Past Few Years: The last few years have been unprecedented. Now is probably the best and most important time ever to seek help such as coaching and/or therapy because there’s another huge shift on the horizon. And that shift is going to require clear thought and fast action.
Fight to Save What You Have: It’s going to be super important to analyze the downturn, your business and the market and the help of a third party may be beneficial. Quickly determining whether or not and how your current business or sources of income will continue to operate and how to fight for its survival.
Quickly Let Go of What You Can’t Save: The key here is QUICKLY. I often help people get rid of something that they need to quit. It’s usually challenging with the people who hire me (they are usually not “quitters”) and all of the emotions they have tied up in the endeavor. Equally important is to forgive yourself QUICKLY after the quitting is done because you are going to have to move on to the next opportunity.
Innovate and Find the Opportunity: Most people are capable of this when they originate from possibility and a clear head. That’s one of the reasons why one-on-one guidance and support through coaching and therapy may be more critical than ever to support possibility and a clear head.
Be Prepared to Activate Opportunity in a New Way: Remember, things change and the last way that you activated an opportunity may not work in the new market that the downturn creates. So be prepared and ready to retire your old way and activate a new or improved way.
