Business Cycles are curious creatures. Sometimes we see them coming and sometimes they pounce on us completely unaware.
Early in 2020, we were hit unexpectedly by the Covid-19 pandemic. Everyone was told to stay home, and businesses were forced to change how they operated. Some fared better than others during this disruption.
Now, we have vaccines, and Covid numbers are decreasing. Businesses now have options as to how they operate, and decisions must be made.
Even though we knew this day would come, it doesn’t mean we really are sure how to respond to this latest business cycle. Some businesses try to hide from it. Others try to sidestep it. Many try and stand very still and hope it passes by unnoticed.
So how do we prepare for something that takes many shapes and may arrive completely unannounced?
While there is no single correct answer, one that will almost always help you prepare, is to listen and learn from those that have gone into battle and won, even if they got a few scratches along the way.
If a business is willing to share their experience, go out of your way to listen and learn. You won’t regret it.
That’s what makes an organization like YES special. YES is a tribe of fellow business owners who share their experiences openly and honestly.
Is YES your tribe?