The sky is NOT falling!
August 10th, 2011 by Ingrid Cliff
A few weeks back I talked about lessons from the Great Depression – and how the times of greatest challenge are also the times where the greatest fortunes can be made and the biggest lessons learnt in life.
Humans are not programmed to grow when things are all going along smoothly. We grow the most in times of challenge. And it is times of challenge that we begin to see who the real leaders are. The best and most effective leaders don’t sugar-coat what is happening, but they give a clear vision of a way out. The communicate and then communicate some more – always explaining what they are doing, what is the next step and the next beyond that. They don’t hide their feelings, but they also don’t wallow in self pity or self-righteous anger. They give hope when others have lost their own.
Yes, the stock market has had a hiccup. It’s what it does. There are always peaks and there are always valleys. But most of the variation in the market has more to do with psychology than anything tangible. It is how people “feel” about situations – do they feel confident or do they feel scared? When people are confident, the stock market is bouyant. When they are scared, the stock market sinks. I like to imagine the stock market as a massive confidence and happiness indicator.
Right now - people are indicating they are scared. So for a moment, I want you to imagine that your child tells you they are frightened. What do you do? Do you tell them that the Boogey monster is in fact real – and not only that, it will munch up them, their family and the family dog. Or do you take the time to calm their fears, help them to look at what is real and what is imagined, and help them work out a plan of attack?
Right now – each of us in our businesses are being called to step up to true leadership. Our role is to be “calm and carry on” – to create a strong and positive vision for our team and customers, and to inspire confidence.
This is not the time to be wasting time gossiping with other businesses about how bad things are. And it is not the time to be nervously tracking results to confirm your fears that sales are down. It’s the time to reboot our mental hard-drives and re-focus on where we want to head.
We can join the doom and gloom merchants, or we can look for new opportunities for growth. I can tell you where my mind is focussed – bring on the growth! After all, there’s literally no better time in the world.
Ingrid Cliff
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