EPISODE #028
There’s a lot to unpack right now with what’s going on in the world and if you’re like most business leaders, you’re probably looking at your operating expenses and facing some tough decisions. It’s hard, but right now the most important thing you can do as a leader is to resist the temptation to make decisions from a place of fear. As a leader for your business, team and/or family, it’s essential that you make the toughest decisions from a place of clarity and calm.
But it’s not easy, right? That’s what makes tough decisions tough. So in this episode, we walk you through how to step out of the fear and drama during chaotic and uncertain times and step into a powerful decision-making process that will keep you moving forward.
We also want to let you know about a free 4-week course we’re running right now called Thrive Every Day – Leading Yourself & Others in a New Business Landscape where we’ll guide you in real time through the business challenges ahead as the next few weeks unfold. Sign up at https://adamhergenrother.com/thrive/ .
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Timestamps:
[1:30] All of Adam’s clients want to know how to make a tough decision right now.
[3:05] Don’t bring your drama into reality. Get into a meditation practice so that you can center yourself.
[4:00] If you made decisions out of fear or scarcity, you’re going to hurt the organization.
[4:40] Are you a solopreneur? Make it about your community instead of making it about you.
[4:50] When you have clarity, think about what you’d like to accomplish. Have a forward-thinking mindset.
[6:50] How does Adam make tough decisions?
[11:30] Adam knew there was a recession coming and made his company run a bit leaner in anticipation of some sort of crisis.
[13:15] Right now, you’re going to make tough decisions on expenses. Try to make a game out of cutting expenses by 10% every month.
[15:35] Ask yourself, “If I was a board member…”
[21:10] Sometimes when people aren’t growing with you in the organization, but they’ve been 100% loyal to you, it can be really hard to say goodbye. Adam offers some advice on how to manage this.
[23:55] How do we know if we’re making the right decision?
[24:55] If you had to run your division with only one person, who would you keep?
[26:10] What would it look like to operate your entire organization right now, given the same revenue numbers, on just 50% of your resources?
[28:45] The decisions become very clear when you understand what matters the most in your company.
[30:05] The truth is, you probably already know what to do, but you’re afraid to do it.
[36:45] Don’t throw your energy out, use it to lift you up.
[39:50] How do you have tough conversations with people you care about?
[47:20] You should encourage your employees to be interviewing elsewhere always – not just in tough times. Hallie shares why.
[48:25] Adam gives a quick recap on how to make tough decisions.
