Challenges, opportunities and change in the time of coronavirus

It hardly needs to be said at this point, but we are living in strange times — and trying to navigate completely uncharted water. With a true global pandemic on the loose, the entire world has essentially been shut down, and with it, large parts of the structure of our society —most notably our economy. This is a difficult time for both business owners and employees, and information is a bit murky on what happens next. Businesses are learning to operate while everyone is working from home, and many are suffering from a loss of profit. Unfortunately, we can’t control what’s going on right now. But business owners can find opportunity amid the calamity.

You’ve heard about how to balance working on your business with working in your business —and you know how hard it can be to tilt from “in” to “on.” Well, this is your chance. We will get back to normal life eventually and the economy will rebound. Now is the time to make sure your business is ready to lead when it does. Use this time as an opportunity to not only make the improvements that have been on your plate for some time, but to take a closer look at your team and how it is structured.

This can be a very revealing time for your team. How are they handling adverse circumstances? Are those in leadership positions leading effectively? Are there unlikely employees emerging as leaders in a time of crisis? See who stacks up when the chips are down and use that information to reconstruct your team and ensure everyone is in the right role. On the strategy side, take this time to lay out a vision for your company in a post-COVID-19 world. Make the changes you’ve been meaning to make and get a fresh perspective that will guide you forward.