Building Leadership Skills During Challenging Times

Companies are going through massive change right now.

Organizations are looking at how they’re spending money.

Cutting back on budgets.

Laying people off.

Consolidating resources.

Some of it is due to the uncertain economy.

A lot of it is out of fear.

Leaders, we have two ways to look at this:

1 - I’m going to invest NOW so when the economy does come back, I'm prepared and have the workforce trained & ready to go.

2 - I’m going to reduce force and have to go through rehiring and training later.

My advice - can you maintain?

If you can’t financially maintain your business by investing in your future, you must do what’s right for you.

But if you’re still making a profit, is there a percentage you can invest to come out even stronger?

For example, instead of making 10% of profit, you earn 7%, knowing it’s a short-term loss you’ll make up.

Then you invest that 3% in building for the future.

Retaining your top talent.

Investing in your people.

The difference between organizations that thrive despite uncertainty and those that struggle is that the first group understands their competitive advantage is their leaders and they never stop investing in them.

Like I did with my client, an SVP of Sales who went from not meeting his quota to exceeding results in only 6 months.

If you’re not meeting your goals, let’s turn it around.

You can come out the other side stronger than you ever imagined.

But you have to be willing to invest in your most important asset: your people.