Are you creating your own economy?
It's often said that we live in uncertain times, but we really do live in uncertain times! From the on-going China/Trump trade war to Brexit, the exponentially increasing impact of Artificial Intelligence, continued low wage growth, insanely low interest rates, Banks continued reluctance to lend etc etc etc.
Where do you even begin to try and plan for the future?
Now more than ever it is imperative to 'create your own economy'. Now more than ever, businesses must heed Warren Buffet's warning that the naked swimmers will be exposed when high tide flows back out.
In my experience of working with Businesses that have been around the block, one of the common traits of those that have traded through an economic cycle or two is the strength of their culture. A culture is either more reactive (fear-driven, avoid mistakes) or creative (goal-driven, let's create our own economy). Here are my observations of the attributes that separate the two.…
Culture can be a flakey word. Breaking it down to specific attributes can help in starting to shift the energy in a Business, one step at a time.
If you want your Business to be around longer than you the simple question to start with is, "are you creating your own economy?"