13 Tips to Help Your Business Survive the Coronavirus Pandemic

13 Tips to Help Your Business Survive the Coronavirus Pandemic

13 Tips to Help Your Business Survive the Coronavirus Pandemic

Grant Ian GambleBy Grant Ian Gamble | March 30, 2020

Grant Ian Gamble is a business growth consultant, executive coach, author and keynote speaker. He works in a broad array of industries helping companies build teams, navigate change and drive growth.

Grant Ian Gamble Business Consulting | 13 Tips to Help Your Business Survive the Coronavirus PandemicBusiness is in turmoil across the globe as we attempt to navigate this new world order.

As I work with my clients on the many intricacies of their individual predicaments, a few common themes are emerging. The biggest challenge amid the uncertainty is how long this might go on and what the aftermath might look like. 

What we do know is that we can’t change the volatile marketplace or the nature of the pandemic itself. However, focusing your time and energy on the things you do have the ability to influence allows you to exert control over some aspects of the situation.

It is easy to be overwhelmed by the uncertainty that surrounds us at present. Yet there are always opportunities in the uncertainty, when we work with our teams and customers to rise above these stressful times.

Here are 13 tips to consider as you continue to contemplate your way forward:

1. FAMILY

Take care of yourself, your family, and loved ones. This should always be Job #1! 

2. QUALIFY INFORMATION

Ensure that the information you are basing your decision making on comes from trusted sources. Ideally, your information should come from known sources such as your accountant or business consultant, as well as your local, state or federal government agencies and health organizations. Beware of social media “news” that is unsubstantiated and not being reported by the mainstream media. Check sources where possible and get multiple data points, rather than relying on one source.

3. ASSESS YOUR RISKS

Be aware and responsive to restrictions that impact you, your business, and your team. Review your operational risks and update any risk assessments where appropriate. Reduce or negate personal and professional travel.

4. COMMUNICATION

Communicate regularly with your stakeholders, team, customers, community, vendors and suppliers. I’d recommend over-communicating at this juncture. This will help maintain trust and connectedness with your constituencies. Use video conferencing where possible, it’s that much more personal than an email or phone call!

If you have to either let team members go or have to furlow them, communicate your long-term intentions and stay in touch regularly. If and when your business starts up again, there is a better chance your people will be available if you have remained in contact.

5. REMOTE WORK POLICY

If your team is operating remotely, implement a remote work policy (if you do not already have one). This helps mitigate confusion and clarify expectations of communication rhythms. It can also spell out when team members need to be available, and deliverables should be clearly defined. 

6. EMPATHY & FLEXIBILITY

Your team members may need additional flexibility with kids being out of school and other unexpected demands. Have empathy for their predicaments and afford them concessions where you can.

7. CATCH UP AND/OR GET AHEAD

Take advantage of the downtime to get preventative maintenance done. If there are projects that you have put off because of potential interruptions to trade, use this hiatus to get the work completed. Get some of those jobs that have been hanging over your head done, both at work and at home.

8. GO VIRTUAL

If you are a service-centric business, ask yourself if you could bring some of your products online? Is there any way to keep some cash flowing by providing virtual versions of what you would normally offer?

9. GET ASSISTANCE

Determine what assistance you can get from government and industry initiatives. Consult with your accountant or business consultant to determine if you’re maximizing available resources.

10. REVIEW & RENEGOTIATE

Review your leases, subscriptions, vendor and supplier arrangements to ensure you are minimizing costs where possible. Determine if there are any negotiables that would help you reduce your burn rate, or improve your cash flow.

11. SECURE YOUR SUPPLY CHAIN

Supply chains are being severely impacted, stressed and even broken in some cases. If you rely on supply chains, find out what assurances and redundancies you can put in place to mitigate any disruptions. Alternate suppliers may be looking for business and you may obtain some benefits from exploring options at this critical time. 

12. LEARN

Take this time to do some online learning and promote opportunities for your team to improve their skills while there’s downtime. There are a plethora of webinars and online learning platforms that cover the gamut. You can even get virtual training specifically for your team and needs.

13. REBOUND STRATEGY

Start running scenarios for recovery. Try and add as much flexibility as possible into the timing of these efforts. Start fleshing out your strategy to get back to business as usual as seamlessly as possible. Work from worst case scenario through to best case scenario and adjust the plan as more certainty unfolds and you get more information.

The best way to prepare is to consider all options and create contingency plans that allow you the flexibility to minimize impact on your business and your team. This will take constant tweaks and occasional pivots, but the more prepared you are, the better chance you have of navigating through these uncharted waters.

Many of my clients have had to make significant adjustments to the way they do business in the face of this potentially catastrophic event, but they are intent on being as prepared as possible and leveraging the opportunities that abound in these scenarios.  

Whatever your situation may be, we hope that you, your family, and loved ones remain safe and well. If we support each other and align our efforts, this crisis will pass and many good things will unfold as we work together as families, businesses and communities.

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The Affinity Principle™ by Grant Gamble presents a formula for business success through a people-centric, mindful leadership approach.

PEOPLE FIRST, ALWAYS.
People First, Always.™

People First, Always.™

People First, Always.™

Grant Ian GambleBy Grant Ian Gamble | July 19, 2020

Grant Ian Gamble is a business growth consultant, author and keynote speaker. He works in a broad array of industries helping companies build teams, navigate change and drive growth.

The US Air Force has a mantra:

Mission First, People Always.

Having been in the Royal Australian Navy, I understand the paradoxical nature of this statement. The armed forces of any nation are constantly preparing young men and women to be sent into grave danger to achieve a mission.

There’s an inherent conflict in achieving a dangerous mission and taking care of your people at the same time.

I believe this mantra reflects the inescapable tension that emerges for leaders in business as they chart a course for their company.

The mission of the company is ultimately profitability, and yet at times decisions seem to place people and profit at odds. 

Profit and people are of course indelibly connected, but in building and growing companies over many years, I have learned that there’s a far greater chance of achieving your long term financial goals when you put your people first.

And so a long time ago, the mantra for me has become:

People First, Always.

Grant Ian Gamble Business Consulting | Blog | People First Always Boats Image

In the fluid job market we work in today, it’s an inescapable truth that finding talent is tough and keeping talent can be even tougher.

What I’ve learned is that when your people know you’re putting them first, the loyalty and performance from each individual on your team increases exponentially. 

People that feel respected and acknowledged are typically happier, and studies show that people who are happier at work were 12% more productive than those that were unhappy.

Companies like Google have seen employee satisfaction rise by 37% when they’ve invested in employee support to raise satisfaction levels¹.

Putting your people first doesn’t simply mean giving them perks or addressing their immediate concerns.

Putting people first means taking a real interest in your team members, in who they are, what their individual wants and needs are, and not just what they are capable of achieving.

Grant Ian Gamble Business Consulting | Blog | People First Always | Get to know your people image

Talented, hard-working professionals are attracted to companies where they feel the leadership has built a culture of trust and mutual respect.

Where they know that the leaders of that organization truly care about them as an individual. Where the leaders are creating an environment where they can explore their potential and where excellent failures are rewarded.

I believe one of the critical elements of putting people first is job crafting.

Job crafting is the art and science around knowing a person’s strengths and their potential to contribute in their own unique way. This involves crafting their position description around their competencies and ensuring alignment of their skills and interests. This philosophy obviously starts with finding the person who is most suited to the position, but it also demands a degree of creativity and nuance to ensure the needs of the company and the team member are met.

When a person’s gifts, skills, and interests are aligned with their role, they come to see their work as more than a job; it becomes their calling. They move into a state of flow.

This is a state where the individual’s skills and strengths are optimized and they are fully immersed in the activity, feeling energized and focused.

Grant Ian Gamble Business Consulting | Blog | People First Always | Flow state image

If through your leadership, team members are more engaged, happier, and ideally in a state of flow, it is inevitable that tenure will increase.

I describe this as a state of Affinity and if your company has Affinity, your business will be more competitive, and its potential for growth will be magnified.

Engaged and motivated team members work well together and they rarely leave the organization that has helped guide them into that optimal state of performance. When their goals are tied to your company’s goals, this alignment of focus is transformational.

In the highly contested talent acquisition space, putting people first will help you attract and retain strong team members and ensure optimal long term outcomes for you and your company. 

If you want to explore these concepts in further detail, check out my new book, “The Affinity Principle.”

1 Research from the University of Warwick, Professor Oswald

The Affinity Principle | Business Mindful Leadership | Grant Ian Gamble
COMING SPRING 2020

The Affinity Principle™ presents a formula for business success through a people-centric, mindful leadership approach. The Affinity Formula is simple: mindful leadership creates an incredible team performance, which leads to an awesome customer experience and that yields great financial results. 

The book explores 12 Pillars and Levers of Leadership and Engagement designed to help leaders attract, retain, and optimize talent, and achieve Affinity.

Start your mindful leadership journey by amplifying your leadership potential with our free Leadership Appraisal tool.

PEOPLE FIRST, ALWAYS™

#mindfulleadership
#peoplefirstalways
The Affinity Principle | Business Mindful Leadership | Grant Ian Gamble
COMING SPRING 2020

The Affinity Principle™ presents a formula for business success through a people-centric, mindful leadership approach. The Affinity Formula is simple: mindful leadership creates an incredible team performance, which leads to an awesome customer experience and that yields great financial results. 

The book explores 12 Pillars and Levers of Leadership and Engagement designed to help leaders attract, retain, and optimize talent, and achieve Affinity.

Start your mindful leadership journey by amplifying your leadership potential with our free Leadership Appraisal tool.

PEOPLE FIRST, ALWAYS™

#mindfulleadership
#peoplefirstalways

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