Business Resilience Management:Bouncing Back
“This week was a disaster,” I explained to my wife in a vapid attempt to save face, “everything that could go wrong did go wrong.” Truthfully, I was looking for a big pile of sympathy and the saving grace of my love’s wonderful personality to see me through the downswing I was experiencing.
“So, what are you going to do?” she asked with the most tender expression of love on her face…and the coldest tone in her voice. I was awestruck. With a simple question, I was instantly reminded of two important facts about the business world:
Pitfalls Are Inevitable. From a statistical standpoint, entrepreneurship is difficult [click here for some surprising statistics]. Even with the best of intentions, the road to creating a successful business is rife with traps, pitfalls, and roadblocks. Overspending, mismanagement of expenses, equipment, or inventory, failed marketing strategies: this is just the tip of the iceberg! I can say with confidence that any successful entrepreneur has had their share of problems to overcome. This leads to the second important fact.
Resilience Is Key. WhatIs.com defines business resilience as “The ability an organization has to quickly adapt to disruptions while maintaining continuous business operations and safeguarding people, assets and overall brand equity.” Simply put, when problems happen – adapt and overcome! Prepare yourselves by predicting and analyzing potential concerns to adjust to any pitfalls that may arise. Although you will not prevent all mishaps from occurring, you will be able to avert potential disaster while growing from each experience. Growing pains are an essential part of life – and business – after all.
I couldn’t help but smile at my leading lady at that moment. I began to laugh aloud, ready to get back into work mode with thoughts of the future and a plan of attack.
“Sometimes I know why you’re by my side…and it still surprises me! Thanks, babe!”