This Business News Story Was Uncovered By Us From: https://www.youngupstarts.com/2020/07/11/leading-people-in-a-crisis-yes-it-will-be-different/
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by Wayne Embree, EVP of Venture Acceleration & Investments for Rev1 Ventures
While there are plenty of challenges and opportunities that present themselves within the idea of launching a business during a recession, the only thing for certain right now is uncertainty itself.
We can’t predict what a post-COVID-19 world will look like, but there are a few things that entrepreneurs should expect for their businesses now and once we’re all on the other side of this; things will be different across so many areas of your organization.
Your culture has changed.
Not maybe, not might, has. COVID has introduced the most challenging elements to any organization and the team members’ lives: fear, uncertainty, and doubt. Known as FUD, these highly charged emotional states often conflict with what individuals see with their own eyes and fundamentally know in their rational minds. We are all affected by something we cannot see and cannot control. It’s imperative that company leaders provide calm guidance. This doesn’t mean you need to know all the answers. You can’t; not even the experts or political leaders necessarily agree on what’s right, let alone what should happen next. But it is important that your team see that there is a thoughtful, measured approach to decisions that affect them and those around them. Some team members may be personally and emotionally devastated by COVID. They, or family or friends, may have contracted the virus; or they may be caught up in how COVID is affecting the world.
Your current and future employees have changed.
Negative associations with uncertainty present a very real challenge for startups, which as a matter of course rely on individuals who are espec… Read More
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