Becoming a resilient person is a skill that will help business owners survive when things get tough. Ultimately when you are running a business you can’t rely on good luck all the time, you need to have good ideas and know how to adapt to change.
When your business is struggling to deal with factors out of your control and when the plan you had unfortunately doesn’t become a reality knowing how to acquire resilience will make it easier for you to recover from any hardship you endure.
Being resilient is associated with having a positive outlook on life, having a strong acceptance of reality, always trying to improve yourself as a person and trying to create meaning in life even when you living under difficult circumstances.
Here are some tips to help you become a more resilient business owner.
Make Sure That You Are Prepared for Every Possible Scenario
By only preparing for a handful of scenarios you will most likely find yourself in a situation of not knowing how to evolve if things don’t go as, you planned and the unexpected occurs. It is good to having a positive outlook on life but you also need to be grounded and you need to live in reality.
You need to prepare yourself for adversity and this can be accomplished by doing the following things in your business; You need to ensure that you have an up-to-date risk assessment and also a high-quality risk mitigation plan for your business.
You also need to ask yourself what is the plan for your business if you experience a cybersecurity breach?
Another thing to ponder about is to make sure that you have the right type and also the right amount of insurance to protect your business if things turn ugly.
Strive To Become More Flexible in Your Ways of Thinking
Picture a situation where you establish your business and an incredible and high-quality competitor arrives on the scene with the right resources to grab a huge percentage of your audience. If you find yourself in this situation instead of giving up, you should aspire to be flexible so that you can turn things back around in your favour.
Finding yourself and your business in this type of unfortunate situation could be used as an opportunity to pivot and re-invent your business. You should see this as an opportunity to look for new gaps in the market and come up with new ways to serve and benefit the part of the customer demographic that your competitor is failing to reach and appeal to.
Improve Your People Skills
Managing your staff and your suppliers and your clients can be emotionally draining at times. It is important to accept that for most of the time, you can’t change other people. However, you can certainly change the way to react to the behaviour of other people. You need to make sure that you clear in the way you communicate with other people and make sure that you set strong boundaries. By doing this and being clear with your words you will find it easier to find solutions to any problems you are experiencing within your business or personal life.
Get Support And Find A Mentor That Wants To Help You Succeed
There are plenty of avenues you could take if you are wanting to find a mentor to help you succeed. You could find a formal mentor such as a business coach or you could join a LinkedIn group that is full of your business peers or you could attend various networking events to obtain insight and advice from other people.
Having a team of people to support you in your business endeavours is crucial, especially if you are working as a sole trader or as the lone decision maker in your business.
You also need to make sure that you don’t overwork yourself and make sure that you delegate tasks that you dislike doing or tasks that you aren’t very good at. You should also look to outsources tasks that you see as low value and are time consuming. By outsourcing these tasks, you will save money, time and avoid unnecessary amounts of stress.
Take Care of Your Mental Health and Practice Mindfulness
Every day you need to designate some alone time to practice mindfulness and gratitude. You could do activities such as; taking a walk on the beach or a walk in the park. 10 minutes of meditation each day or going to bed early a few nights a week will help you relax and unwind. You need to make sure you avoid burnout and you need to also designate time for your personal relationships and also designate time to do non-work-related activities that you enjoy doing.