It is a worldwide problem this virus. It is creating a global panic, but also a real environment of challenging business. How you respond could mean more than you might first think.
Most likely you are thinking of the profit margin, also the balance sheet and cash reserves. These are all sensible and definitely needing consideration to keep your business alive.
There is a valuable resource, though, that perhaps you haven’t considered as part of your business continuity plan. Your best and brightest staff. These are typically the backbone of your company and the basis of future success.
So does it make sense just to tell them to go home and watch Netflix?
Most high performers love challenges. They love to keep busy. They love to know you trust them.
At this time you are so busy keeping things running and making short term tough calls you may not have realised that some of these high performers could be just the help you need. Bring them into the tent. Tell them your fears, worries and hopes. Share the current dilemmas in your mind and ask them for help.
The positive strength, new ideas and perspectives you get will often surprise you. It is often said that adversity brings out the best in good people. This is no exception. Why not give them the chance to help solve a problem. Mentor them, either yourself or with experienced advisors from outside. The investment rarely fails to give a great return in more developed staff, relationships, and often surprising business innovation.
If you don’t invest in your best and brightest, someone else will.
You don’t have to do this alone.