It’s hard to believe that 2020 is nearing its end, but it will surely be one to remember for years to come. It’s been a tough year for business owners. Many of my clients have had to fight hard to keep their businesses solvent; they have done an excellent job in the face of adversity.
But the fight is not over and arguably for many business people; it has only just begun. 2021 is to be another challenging year.
The practicalities of running a business during tough times aside, the biggest battle is going to be the mental challenge; both for Directors and their teams.
Our 24-hour news reports spread of gloom and despondency; at an unprecedented rate. A downturn, a recession, food shortages, Brexit, Covid 19, cutbacks, rising unemployment rate, and the dismal economic forecasts is wreaking havoc with the Nations mental state, such that if you don’t get a grip, it could cripple your business.
V.U.C.A – Volatility, Uncertainty, Complexity, Ambiguity
The military has an acronym for this, V.U.C.A.
V.U.C.A. causes fear, and fear causes inaction because when people don’t know what’s coming next, they tend to dwell on the negatives such as the dangers and hazards of what might happen.
V.U.C.A could paralyse you and your business in 2021.
It’s a state of mind – Think, Plan, Do.
Trevor Parker is a Strategic Executive Coach and Mentor to private clients trying to excel in a world of increasing competition, pressure, negativity and stress. Positioned as one of Yorkshire Business Insider’s power 100 and a fellow of the Institute of the motor industry, Trevor is a uniquely qualified and experienced Strategic Executive Coach. Learn more about Trevor here.