What happens when you’re put under a lot of stress? Do you bend or break? Here are 3 easy tips to develop your resilience for the times when immense pressure bears down on you:
Tip #1: Prepare For Disruption. According to Jennifer Weatherly, a residential builder, the most accurate benchmark for disruptions in the housing market is “the price of a gallon of gas and the price of a gallon of milk.” Do the mounting costs of simple commodities make the average American say “ouch” and shake financial confidence? With a defensively frugal mindset, struggling families curb spending habits, including the size or type of house they build or buy. Small changes in some markets can lead to big changes in other markets. One quality of resilience is the foresight to avoid stress in the first place. Determine what factors affect your business and plan for specific ways your business can be flexible in different circumstances, should disruptions arise.
Tip #2: Recover From Shock. When your mental red flags are waving and you feel like you are about to go under, recall this modern proverb: “Tough times never last, but tough people do.” Take a moment to take a step back and gain some perspective. Whatever the situation, take stock of what is still going well and the things of value that are still present in your business and in your life. Breathe. Inhale deeply and exhale slowly. Circumstances might be bad, maybe even terrible, but there are still things worth fighting for. Breathe, and then start your epic comeback. *Note: Recovery is easier when you’ve anticipated the problem; see Tip #1.
Tip #3: Grow From Experiences. Some experiences reinforce our opinions and behavior; others challenge our personal status quos. It can be easy to ignore or discount those challenges. After all, how we currently think and act has brought us this far. But. We need to consider if our usual way of doing things is what brought on a stressor or allowed it. What can we learn from a bad situation? In times of pressure, it’s also time to reflect on causes of stress and consider improvements to company mindsets or business practices. Then, we can best respond to the problem and prevent similar obstacles in the future. Frankly, if you’re not learning from the past or adapting to the current market, you’re likely headed for decline. Stick with what works, but be willing to change for the better.
Success isn’t easy; in fact, it’s pretty dang hard! When stressful circumstances come up, remember, those who prepare, recover, and grow are the ones who have the resilience to be successful.
How do you build resilience?? What experiences have you learned from?? Let us know in the comments below!!
About the Author
Ethan is a Content Curator for Trader Interactive, serving the commercial brands Commercial Truck Trader, Commercial Web Services, and Equipment Trader. Ethan believes in using accessible language to elevate conversations about industry topics relevant to commercial dealers and their buyers.