During this challenging time for business owners it helps to think of your company as an ecosystem. In geographical terms an ecosystem is made up of plants, animals and weather all working together. Like a gum tree on the bank of the Nepean river, your business‘ people and processes respond to the ever-changing environment. Every ecosystem adapts to challenges or disappears. Your organisation is no different.
Here are three ways you can make sure your business weathers the Coronavirus storm.
A healthy ecosystem is resilient and sustainable. In a crisis, vulnerabilities are revealed. A healthy ecosystem will adapt, but it’s up to you to keep your business healthy by understanding what could lead to its decline or collapse. Once you‘ve realised the areas of weakness, you can iron out the kinks and make your business stronger for the future.
In a healthy ecosystem, everything is there for a reason. Know your organisation’s values and purpose. Why do they exist and who do they serve? These values should lead every step in your plan of action.
Next, decide what people, processes, technology and finances you need to see you through the current crisis. Make the changes you need to make, ensuring everyone knows their part in the plan.
As we adjust to the current reality, it reminds us that we all rely on one another. In every interaction, in our businesses and beyond, now is the time to be more present, vulnerable and authentic.
You’ve prevented the worst. You’ve got the tools at hand to prepare you for what comes next. Now you’re in a position to predict how your business will come out of this. All your analysis and planning have made you think more about the long-term goals for your business. You know that every challenge your business has faced is a lesson learned that will help you make better educated decisions for the future.
Remember, your customers and employees are the beating heart of your business. They are the living parts of your own little ecosystem, the most dynamic and adaptable to change. Now is the right time to sort out what needs to be done and what you expect from your business, staff and customers. Write down your plan. Make it available. Refer to it often. Update it when needed. Hold yourself and your team accountable.
You can’t control the future, but your ecosystem will be ready to adapt, survive and thrive.
As published in Nepean News & Western News:
Read more like this:
"The last couple of years at batyr has seen incredible growth and the Balance at Work team has supported us along the way. They have helped us improve leadership skills across the team by helping us source and manage mentors, and even engaging as mentors themselves. As a young and fresh CEO Susan has also supported me personally with genuine feedback and fearless advice to achieve great things."
Sam Refshauge - CEO, batyr
"We used the Harrison Assessment tools followed by a debrief with Susan, for career development with staff, which then allowed us to work with Susan to create a customised 360 degree review process. Susan has a wealth of knowledge and is able to offer suggestions and solutions for our company. She is always ready to get involved and takes the time to show her clients the capability of Harrison Assessments. "
Jessica Hill - Head of People and Culture, Choice
"Balance at Work are the ideal external partners for us as they completely get what we are trying achieve in the People and Culture space. Their flexibility and responsiveness to our needs has seen the entire 360 approach being a complete success. The online tool and the follow up coaching sessions have been game changers for our business. The buzz in the organisation is outstanding. Love it! Thanks again for being such a great support crew on this key project."
Chris Bulmer - National GM Learning and Development, ISS Australia
"We use Harrison Assessments with our clients to support their recruitment processes. We especially value the comprehensive customisable features that allow us to ensure the best possible fit within a company, team and position. Balance at Work is always one phone call away. We appreciate their valuable input and their coaching solutions have also given great support to our clients."
Benoit Ribe - HR Solutions Manager, Polyglot Group
"The leadership team at Insurance Advisernet engaged Susan from Balance at Work to run our leadership development survey and learning sessions. Susan was very professional in delivering the team and individual strengths and opportunities for growth. Susan's approach was very "non corporate" in style which was refreshing to see. I can't recommend Balance at Work more highly to lead employee and team development sessions."
Shaun Stanfield - Managing Director, Insurance Advisernet