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Creating Resilience is Intentional

October 7, 2021 by Lisa Mininni Leave a Comment

When news of the pandemic spread, companies began considering how it would affect services, supply chain, employee engagement, and business continuity. Many business owners quickly discovered what was missing from their business model, like multiple revenue streams, delivery systems, and relationships with their funding institutions.

Initially, you might have also noticed gaps in your reserve accounts, wondered how you were going to pay your mortgage, and payroll. While trying to stay upbeat for your team, you still had to deal with the brain drain of the ever-changing rules to apply for emergency funding.

Navigating The Game of Whac-A-Mole

“At the beginning of the pandemic, it was a daily game of Whac-A-Mole,” says Sharon McRill, CEO of Betty Brigade, a home organizing company. There were days that I was so mentally exhausted from trying to figure out how to get funding with the constantly changing rules. Like a lot of business owners, I questioned if I wanted to continue my business.”

In addition to changing rules, terms, and forms, businesses had to wait a long time for funding. “Thankfully, a local source put together a grant-funding program that I learned about and received funding within 10 days.” It was also funding I don’t have to worry about paying back, like it is with loans.” says McRill.

One of the biggest concerns on the hearts and minds of every business owner was cash flow to continue to pay their team. While grants, funding, and other emergency assistance eventually came through to stabilize matters, the pandemic continued longer than many anticipated.

How Do You Find Your Resilience?

The lingering effects of the pandemic had many leaders ask themselves how they were going to recover. For many business professionals, the biggest thing missing in their business was something to look forward to. According to McRill, “It didn’t take me long to figure out just retiring wasn’t an option. While I had some things in place for my retirement plan, my exit strategy was incomplete and I needed to make the business buy-ready, which would take years. The exit plan actually gave me renewed energy to keep going. I had something to look forward to.”

Addressing Self Care

Not only can identifying a goal influence your mental state, but an ongoing self-care routine is essential. While some business leaders wear working long hours as a badge, burnout is not a badge of honor. If the pandemic is teaching us anything, it’s being conscious of your well being.

In our Mentoring Labs, we not only identify challenges that business owners are committed to achieving by the next Lab, we also make promises. Promises are usually personal and self-care focused. This holistic approach keeps the leader focused on their intentional well-being.

The key actions to address self-care can be simple like, scheduling a walk, routinely taking your vitamins, drinking more water, or scheduling a vacation. “I realized that I needed to schedule some time off every three months,” says McRill. If I worked any longer than this timeframe without a break, I would become cranky, so I made this part of my routine, even if it was a long weekend.” This time gave her decompression time and her staff an opportunity to step up in her absence.

Creating resilience is intentional. Whether you are creating resilience in your business model, your mental state, or your physical strength. What are you doing for yourself and your business to build a business and life with staying power?

Invitation

If you’re inspired to build a resilient business and one in align with your unique human wiring and Contribution in the World, join us for the Wake Up Profitable Boot Camp for Business Owners on October 21-22, 2021.

REGISTER HERE BEFORE FRIDAY, OCTOBER 15, 2021

Sponsored by the Great Lakes Women’s Business Council and the Business Innovation Lab

Filed Under: Blog Tagged With: building a resilient business, Excellerate Associates, resilience

Leadership: Resilience

May 9, 2019 by Lisa Mininni Leave a Comment

According to Harvard Business Review, a survey conducted by a consulting firm confirms the importance of resilience to business success.

The study also identified the top five biggest drains on resilience:

Managing difficult relationships/politics in the workplace
Volume or pace at work stretching their limits
Being criticized personally
When nature of the work takes them outside of their comfort zone
When there are unheavals in their personal life

RESILIENCE AND YOUR HUMAN WIRING

If you look at the biggest drains on resilience, every single one of them can be tied back to creating awareness of human wiring. Human wiring is present at birth and stays with you your entire lifetime. Your wiring determines how you create ideas, process thought, the environment in which you best thrive, and the amount of certainty you need for effective decision making.

To illustrate the relationship to these drains on resilience and human wiring, let’s take the number one biggest drain: Managing difficult relationships. Consider that a difficult relationship is often related to how someone’s communication occurs to you. When you understand why people do what they do, it can shift how their communication occurs to you.

When training a senior leadership team, I used an example that hit close to home. I brought up a common organizational issue: complaints from accounting personnel that they often don’t receive complete or timely expense reports from the sales personnel. The sales personnel complain that they are trying to get sales and expense reports are a low priority for them. Dig a little deeper and many sales people loath having to complete every box on an expense report. Further, they complain at the time-consuming expense reporting process.

When I shared this example, the sales leader shot a look at the CEO, as if the CEO shared this complaint with me. He didn’t share it with me, it’s a common complaint inside organizations and the nature of the work in completing an expense report is opposite of some of the sales team wiring.

Some sales positions attract people who like freedom from routine. You can see how sales might procrastinate in actually writing out their expenses reports because of the nature of the work: routine and detail oriented, which may be opposite of how they are biologically hardwired.

To the accounting department personnel, it occurs that the sales department is being difficult because they are not on time and don’t submit accurate and detailed reports. To sales, the accounting department is being difficult requiring time-consuming reports.

When understanding how to work with each team’s wiring, you can develop solutions where everyone wins. Understanding why people do what they do, you can get to the heart of an issue.

RESILIENCE: YOUR RELATIONSHIP TO FAILURE

Another element to being a resilient leader is identifying your relationship to failure. Your relationship to failure can and does shape the way you and your team perform.

There are a number of ways that leaders avoid failure, like not setting goals because you don’t want fail in achieving them. Similarly, they set vague goals because they don’t want to be seen as a bad leader.

What might be possible if you could look at failure as just a failure in performance not that you’re bad person or wrong? What if you interpret failure as a learning experience?

Creating a healthy relationship with failure doesn’t mean the failure doesn’t sting. Failures reveal new layers of leadership. Failure enables success. With each failure, it’s a new stepping stone to a higher quality of leading.

When a mentoring client set a really large goal and it looked like his team wasn’t going to accomplish the goal, I encouraged him not to reset the goal but to play for it. While they didn’t reach the goal, the value came in what he learned by it. He leveled up his leadership skills, by managing team disappointment, coaching them to overcome to overcome their fears, and identify what was missing so they achieve their goal the next time. He also learned the most valuable lesson of all: Resilience.

Filed Under: Blog Tagged With: business mentoring, leadership, resilience

Mastering Your Inner Entrepreneur: Resilience Factors to Overcome Your Challenges

March 15, 2018 by Lisa Mininni Leave a Comment

A child falls down many times to eventually succeed in riding her bike to a friend’s house.

A business owner finds that her inspections didn’t pass the first time delaying the project timeline but passes the second time.

A photojournalist loses three of his limbs in Afghanistan only to go on to inspire millions through his speaking and photographs.

These seem like very different events. However, these three events do have something in common.

What, you ask?

Resilience.

According to Psychology Today, resilience “allows some people to be knocked down by life and come back stronger than ever.” Let’s face it. When you’re experience those hurdles, it isn’t always easy to move through it. It’s a process of acknowledging the pain, recognizing the situation as it is, and, in some cases, working through the stages of grief.

What makes someone bounce back? Psychologists have identified factors that make someone resilient. Those factors include:

  • Optimism
  • Positive Attitude
  • The ability to regulate emotions
  • The ability to see failure as a form of helpful feedback

When you experience a set back, ask which element is missing for you. Then, ask yourself, “If I put in that element, how would that make a difference in overcoming my challenge?”

Filed Under: Blog Tagged With: Excellerate Associates, overcoming challenges, resilience, small business mentoring

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