A Black Swan event is an event that effects a large proportion of the community, strikes out of the blue, and can have dire effects, if not managed effectively. We all know about COVID-19, it struck our shores in March 2020, and fortunately, with the support of the Government, the Australian community was able to navigate through 2020 and resume to what we called the “new-normal” later in the year.
Then came June 2021 and NSW was thrust back into a COVID Crisis, more restrictions, stronger lockdowns, confusion a plenty, and Government support has not been like it was back in 2020.
So, what happens next?
You can’t go to work, you can’t attend site or customers’ homes unless it’s an emergency, and we don’t know how long this will last for. What do you do?
It’s time to see this obstacle as a path to pivot and shift your business model in order to create an opportunity and continue through these challenging times. Let’s take an open view to what “NOW” looks like, and what we can do to get through this time.
Previously, we were snowed by work, and didn’t have time to work on the business (this has been the case since well before Covid started). It’s been 3 weeks of lockdown and things are quietening down, and in the past week the government has requested that we don’t go to work, and the trades must not attend site or people’s homes unless it is an emergency.
In this equation there is ONE thing that you do have in your control, and you can use however you wish, and that is TIME! Plenty of time to work on the business and keep your team motivated so when we are all back on the job, your business will elevate to the next level. So, how do you do this?
You have been handed a Golden Ticket for a few weeks to step back, sit down and think about where your business is at, what needs to be sorted out at the factory, in the office or in the truck and work closely with your team to further develop them as a team and individually.
As professional business coaches, trainers and mentors, here is what we recommend:
Five things to do in a lockdown that will show significant results in your business
- Review your business systems and update yourself and your team with any improvements
- Spend time looking at your accounting systems and reviewing your costs, see where you can improve them
- Review or implement business processes that will make your business run smoother when you get busier again
- Do training with your team, whether it is product/systems training, sales training, mindset training or customer service training.
- Group and 1-on-1 team sessions – use these sessions to develop a stronger culture, build team camaraderie and tune your business based on the discussions
NOW is the time to action; NOW is the time to grow!
As the saying goes “Nothing happens if Nothing happens” in times of uncertainty and confusion it is easy to sit back and wait to see what happens, but the most successful businesses grow from adverse events. Uber started in the Global Financial Crisis, and it is just one of many examples.
BLACK SWAN EVENTS are only as bad as you see them to be. Shift gears to see them as your opportunity to make a difference.
Need help working out what to do?
Molokini Consulting can assist you in many areas of your business. Our unique HOLISITIC BUSINESS COACHING process covers all the critical areas of business and ties it all together so you can develop a strong, sustainable, and profitable business. We believe in the importance of aligning your People and Processes, knowing that when they work smoothly together, they deliver Performance. We are here if you would like more information on how to implement the above 5 things to do in a lockdown. Drop us an email and we will get in contact with you to discuss.
Take advantage of our BUSINESS SUPPORT PACKAGE OFFER with a free consultation and implementation guide with one of coaches covering Business, People and Accounting.
About Molokini Consulting
Molokini Consulting is a SME consulting, coaching, and training firm that works closely with business owners and their teams to develop high performing businesses through an end to end to solution. The Molokini team of professionals have experience across Marketing, Sales, Operations, Accounting, Administration, Management, and Leadership. We believe in the importance of aligning your People and Processes, knowing that when they work smoothly together, they deliver Performance.
The Molokini Mantra is “Don’t be an Island, connect and be part of something great”, business owners know only too well how lonely it can be running a business, Molokini is there to support you through every part of the journey.
Aloha.
