RESILIENCE – A COMPANY’S GREATEST STRENGTH
RESILIENCE – A COMPANY’S GREATEST STRENGTH
If resilience is a company’s greatest strength, that strength lies in the people who make up the team. Encouraging flexibility and the ability to pivot with change is the true measure of a successful company, and advisors and their teams are no exception.
The world is constantly changing, and the only way to keep up is to promote the innate qualities and characteristics of the individuals who make up the whole. Looking after their well-being by inspiring daily changes will keep you and your team on track, even when it bends, takes a turn, or goes downhill.
“The only constant in life is change.” – Heraclitus.
Markets don’t like volatility. It’s not high on anyone’s wish list, and the very nature of it induces a rise in anxiety for most people. It’s unpredictable, unstable, uninspiring and unbelievable. The only thing it’s not is unlikely.
One of the most viable ways to ensure resilience during volatile times is to incorporate strategies that ignite passion in team members and a strong desire to learn new techniques and habits. The act of learning itself reignites energy that may have gone dormant. When you introduce further information, neurons fire in the brain sparking fresh ideas, thought patterns, productivity, and success.
“Nothing’s impossible I have found,
For when my chin is on the ground,
I pick myself up,
Dust myself off,
Start all over again.” – Dorothy Fields/Jerome Kern.
Starting all over again with a fresh take and original methods will lead to positive results, and resilient advisors can face, overcome, and be strengthened by these unique challenges.
When prospective clients consider signing on, they may ask ‘what if’ questions and look to you to give them confidence – your response matters.
- What if the market takes a dive?
- What if my financial circumstances change?
- What if I can no longer maintain my standard of living?
Resilient people share some commonalities. Do you see yourself on this list?
- Have a great support network.
- Accept change.
- Don’t give in to uncertainty.
- Maintain a positive attitude.
- Keep things in perspective.
- Have a sense of humour.
- Stay calm under pressure.
Unless you’re in possession of a crystal ball, advisors and their teams need to be as resilient as possible to meet the changes they encounter and keep their clients’ trust. They’re counting on you, and so is the strength of the business.