Tips for Leading a Company in Tough Times

September 16, 2013

ID-10032764The phrase “changing times” conjures up a wide assortment of meanings in today’s world. Whether you are facing tight cash issues, adverse government regulations, loss of a key staff member or losing a top client, you need to take a step back and look at what can be done to overcome issues like these.

To help you lead during tough times, your friends at Dale Carnegie Training of Central Indiana have compiled four leadership tips to help you focus on the key issues that are important to successful managers during tough times:

1. Learn How To Navigate — Anyone can stay the course in calm waters; however, the biggest and most noticeable difference is how a leader performs during tough times as opposed to calm times. Take a step back and develop a vision by seeing what could be done to change things or what could be looming around the corner. Do this and it will help you to be better prepared should something bad happen.

2. Avoid Being Just A Manager — The difference between leaders and managers is that leaders are able to motivate everyone in their organization whereas managers tend to manage the “status quo” or the current process. Should you find that the “status-quo” is the norm in your organization, don’t just follow along. We suggest looking into some type of leadership course, buying books or visiting the local library for books on leadership. It would also be to your advantage to see what other leaders are doing by joining network groups or industry associations.

3. Work On Creating A Positive Change — If you truly lead you will, by default, cause positive changes in your organization. And change is important, because it breathes life back into an organization. To help you create a positive change in your organization, look for some high-profile leaders and professional coaches in your area or industry and see what they are doing. Also consider a subscription to business magazines, like Harvard Business Review, Entrepreneur or SUCCESS.

4. Talk With Your Team Regularly — Picture yourself on an airplane that is hitting a lot of turbulence. Wouldn’t you want to know what is going on and how long it will last?  Better yet, what is the captain doing to find a smoother altitude?  The same goes for your employees when your business starts to hit tough times.

While you cannot predict all of the events that will affect your business, you can employ the above four strategies to navigate your way through tough times. Leaders who invest time in communicating with their staff, reviewing alternate strategies and staying close to key clients are implementing some of the best practices for leading in both good and bad times.

This post is brought to you by the good folks at Dale Carnegie Training of Central Indiana, providers of professional development and management development courses and information in Indiana. We would love to connect with you on Facebook.

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