Over the last few years, we have seen plenty of uncertainty. The pandemic, politics, wars overseas, inflation and a looming recession have done nothing but make these uncertain feelings grow. It’s left many business owners wondering how they can stay resilient. Here are three ways to stay resilient during these uncertain times.
In order for your business to see success, you must embrace change and work with it. It doesn’t matter if the changes are coming from inside or outside of your business – if you’re well-prepared to embrace them and adapt, you will continue to see success.
Your team should be able to make changes without waiting for approval. As the business owner, you must clearly communicate goals so your team can make decisions the same way you would.
You will not face a situation in your business that is completely new. Someone somewhere has already faced the same obstacles and found a way to overcome them. Find a mentor with vast experience who can offer advice and guidance when you’re unsure about what to do next.
Everyone wants to learn new skills as quickly as possible, but each individual has different learning strategies. Some people try to push themselves out of their comfort zone, which a Yale study confirmed does work – but pushing yourself too far can have adverse consequences. Instead, we should try to find our sweet spot.
A recent study conducted by the University of Arizona found that we maximize our learning efficiency when we fail 15% of the time. This means that we learn at our best when we’re succeeding at a given task 85% of the time. It’s okay to fail sometimes, and failing 15% of the time may even be the best way to learn.