How Will You Weather The Storm? Five Tips For Dealing With Change The Right Way --TTG140

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The fact is, we’re all trying to weather the storm in our own ways. We’re all dealing with change that we never would have expected would happen. However, some businesses have been more successful than others. What are the reasons for this? In this video, I break down the reasons why some businesses have been able to thrive despite the global pandemic.

The first reason why some businesses have done better than others is that some were prepared. Now, I’m not saying that they were expecting a pandemic to occur, but they were prepared for a recession. To be prepared, you need to build up your finances. Too many business owners just don’t understand the numbers. 

You also need to right-size your organization. If your business is contracting during a recession, you need to decide how to start dealing with change. Do you need to adapt your structure? Do you have too many of the wrong people?

More than ever, in order to weather the storm, you’ll also need to stay up to speed with technology. The people who were most comfortable going online have been the most successful. By adapting to technology, you can take advantage of new ways of getting in front of people.

Support is also critical. Many business owners today weren’t business owners during the last recession. They lack perspective. By finding someone who is more experienced and who has dealt with similar economic downturns in the past, you will be able to learn how to avoid costly mistakes before you make them.

We are all dealing with change, there’s no doubt about it. But not everyone has learned to weather the storm. Use these tips to adapt, and continue growing your business.

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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses. 

Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.

It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful. 

As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.

Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.

So if you are scaling up your business, you’re in a business transition period, and want to know more then connect with Peter at Boolkah.com

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THE TRANSITION GUY 
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Peter Boolkah is the World's #1 Business Transition Coach and also known as ‘The Transition Guy’. This YouTube channel and his podcast is where he shares his unique and direct approach to taking back control of your business (and your life) while growing and transitioning your business from one level to the next.