Resilient Mindset for Winning - Teena Ogbugoh

Teena Ogbugoh - "Business Processes & People Talk with Teena"

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Introduction
Resilience is needed in personal and organizational settings. Resilience is how you react or respond in times of danger, chaos and turmoil. Resilience is a skill and so it can be learned and improved on at any given situation. In organizations, business resilience is that ability to adapt and respond rapidly in times of crisis.

How do you as a business owner show up and be present in your business and for the stakeholders and proffer solutions with the right mindset. The capacity to continue to develop despite disruption – for example, being able to adapt to changing circumstances, incorporate new behaviors and follow new processes.

Show Objectives - The Why
The show objective this week is to essentially highlight the importance of developing a resilient mindset in business as a business owner in times of crisis or sudden change. Business owners and leaders through having the right mindset help employees adapt and be flexible to keep the business growing. Through building confidence and strategic planning on the front-end, business owners and leaders can help employees and the business make quick decisions which reframe failures during periods of turbulence.

Key Issues:
Owner Perspective:
(1) Is there a business continuity plan in place for times of turbulence?
(2) Business owners do not recognize the power and importance of customer control
(3) The business does not have a clear strategy to budget for sustainability
(4) No clear budgeting for training and retraining of skills

What You Need to Know – The What

1. Change can be sudden and catastrophic
2. Business owners/leaders and employees need to be flexible.
3. Train and retrain employees on soft and non-technical skills.
4. A linear mindset is detrimental to business growth.
5. Employee health and well-being is important to productivity.

What You Need to Do – The How

1. Acknowledge the situation.
2. Discuss the locus of control.
3. Be transparent and have open communication.

1. Choose a team to handle communication
2. Communicate only what you know for certain
3. Focus more on commitment rather than promise
4. Have a plan and convey the plan to stakeholders
5. Use a variety of communication media to reach employees and customers
6. Know that the frequency of and need for communication may change
7. Ownership and plan maintenance

1. Prioritize on what is important to do.
2. Delegate what you can.
3. Reject all forms of linear thinking.
4. Ensure regular employee assessment and engagement.

Business Processes & People Talk Show with Teena thrives on the concept that people matter and without people in your business, you will not have a business! It teaches business owners and leaders to empower people with the right resources and information to help them thrive and excel, because when people in your business excel, your business will succeed.

Our tribe is growing as we are now heard in over 150 of 195 countries in the world. We invite you to be part of us by joining our community of commerce at www.ibgr.network 

Welcome to the world of entrepreneurship!

Envision>>Empower>>Execute

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​Written by: Teena Ogbugoh

WEBSITE: https://joanlugardsconsulting.com
LINKEDIN: https://www.linkedin.com/in/teenaogbugoh
EMAIL: info@joanlugardsconsulting.com
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