With an economy in constant flux and a rapidly evolving technological landscape, uncertainty is at an all-time high. Failing to help teams navigate anxieties due to unforeseen circumstances is a mistake small business owners cannot afford to make.
On this episode of The Small Business Show, host Jim Fitzpatrick is joined by Meridith Elliott Powell, business expert, keynote speaker, best-selling author, and founder of Thrive. Now, Powell shares her insights into leading through uncertainty and the simple steps business owners can take to successfully guide their teams through periods of change.
Key Takeaways
1. Powell highlights the importance of having a clear vision in uncertain times. Leaders need to consistently communicate their vision to help team members see beyond immediate challenges and understand the long-term goals. This approach motivates the team and aligns their efforts towards a common objective.
2. A proactive stance towards change is essential. Leaders should prepare their teams for change by holding regular discussions and helping employees adapt to new situations before they arise. This helps team members acclimate to change and gain a deeper understanding of the shifts within their environment and industry.
3. Values-driven leadership is also critical for success. Powell argues that organizations and leaders that consistently make decisions based on their core values tend to face fewer challenges in finding employees, building succession plans, and attracting customers. This approach builds trust and aligns the entire organization towards shared ethical standards.
4. In the face of continuous uncertainty and challenges, recognizing and celebrating small wins becomes crucial. This practice helps to maintain morale and motivation, showing team members the impact of their efforts and encouraging them to continue pushing forward despite setbacks.
5. Giving team members a stake in decision-making processes, particularly during uncertain times, can also help teams navigate uncertainty. Inclusion boosts engagement and commitment by ensuring team members feel valued and heard. Small business leaders should learn to lead through questions rather than directives, fostering a collaborative environment where all ideas are welcomed.
"Most people get stuck in uncertainty. Only 2 % of our population are visionaries and can see...see past the block in front of them. Most people are tactical...And that is why you have got to have a vision. I mean, you have to help people see what is possible." — Meridith Elliott Powell
