Will you survive or thrive?

15 May 2009 | 12:45 - By Shivani Gupta

Here are some tips to stay positive in an economic downturn.

Isn't there so much doom and gloom at present? I am constantly hearing the word "survive" in work. This is a mindset in my view. If we perceive that we may or may not make it, we might not!
Staying positive and inspired in economically challenging times is essential.  Here are some tips to stay positive.
1.    People are watching you and your leadership all the time.  If you are uninspired and being negative about changes, people will follow you.
2.    Be adaptable and revise plans.  Just because you started the year with a projection of sales and profit, these may need to be revised to meet the climate.
3.    People are taking longer to make decisions as they have to watch their dollar more and make it go further. Be patient with them and give them all the information they need and let them take their time to make the decisions.
4.    In these times, staying inspired is important. I came across a fantastic slideshow on leadership lessons by the inspirational US President, Barack Obama. My three key takeaways for the current climate were: deliver with passion; have a stable strategy with flexible tactics; and stay calm under pressure.
5.    Change your offerings – if the client now has a lesser budget, review what you can offer them for that budget.

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About this Blog

Risking It All presenter and business expert Shivani Gupta has a passion to see people grow their businesses. Shivani brings her vast experience and practical business sense to help out the entrepreneurs in the television show and the SBS online audience in her business blog.

Shivani Gupta is a business dynamo with heart, vision, values and passion. She is a former corporate executive who “risked it all” herself to become an author as well as establish her own successful business coaching and speaking business, Passion@People. Shivani is well qualified for the role of helping our four start-up businesses, and your business too. Shivani has worked with a range of companies from sole traders to six of Australia’s top ten companies. She has won awards that include ‘Telstra Young Business Woman of the Year’. She was born in India and grew up in Australia. For more information about Shivani visit www.shivani.com.au

 
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