Posted in:HR Governance
The business world has changed dramatically in the last few months. Countless businesses that were successful before the pandemic now find themselves struggling; those that were already missing their targets have found themselves facing serious risk of closure. However, entrepreneurs are known to be a scrappy bunch – now, perhaps more than ever, it’s time to tap into that fighting spirit.
Returning to Startup Mode
Think back to the early days when you first started your business. You likely spent countless hours researching, planning, and working to deliver your products or services. Business decisions were made with the right balance of careful thought and speed. When you encountered stumbling blocks, you viewed them as opportunities to push forward. Now it’s time to return to that state of mind and gusto. It may be heartbreaking if your business is facing a significant step backward from where you were a year or even six months ago – but know that the tenacious, hungry founder still lives within you.
Take a look at the current situation through the eyes of a startup founder. Start by assessing your new normal and perform a SWOT Analysis: Identify your Strengths, Weaknesses, Opportunities and Threats. Seeing the strengths and opportunities on paper may inspire you to keep pushing forward; clearly articulating the threats and weaknesses that face your business may help bring any fears down to size and help you to get to a place where you can manage those fears and work out a plan to move forward. Don’t forget that help is available, you just have to ask. Get the right support you need, find your path forward!
In your early days, you may have read a few books aimed at helping new business owners. At this crossroads, it may be helpful to do some further reading within this genre to get back into that scrappy, startup mindset.
Some titles include:
The Lean Startup | By Eric Reis
Hustle: The Power to Charge Your Life with Money, Meaning and Momentum | By Neil Patel, Patrick Vlaskovits, and Jonas Koffler
The Startup Owner’s Manual: The Step-By-Step Guide for Building a Great Company | By Steven Blank and Bob Dorf
Perhaps these books will inspire you to find that entrepreneurial drive. You can persevere!
Here to Help
We can be reached for a free confidential consultation at +1-403-470-5350 or [email protected].
For further details on how Honiva can help you prepare you during your recovery and rebuilding, please view our service offerings.
We also welcome business owners to attend our next online seminar to learn how to improve employee management practices and strengthen your company long term. Register for the free HR Education session at EventBrite.