Time to Reassess

Some things we can’t change but most things we can solve.

‍

‍Inevitably we always ask if it was the candidate that made the impact or was it the market opportunity and company. A rising tide lifts all boats…

‍

This week we’ve seen a massive shift in the tides. Sequoia Capital sent out a warning letter to its portfolio companies predicting the next two quarters will be brutal and to reserve cash. Numerous events, conferences, expos and openings have been cancelled which will have a rolling impact on revenue and marketplace growth.  Executives are in a tailspin, worried about every aspect of their corporate health.

‍

Now is the best time to take a step back and reassess not only your business planning but also yourself and your team. For those of us who have been through economic downturns, or even started businesses during them, these moments become opportunities.  

‍

It is during these periods of uncertainty that great leadership shines and smart leaders evaluate. There are those who are going to blame market conditions and there are those who are going rise up, face the challenge head on and innovate. This is the moment of truth. How nimble is your team? What creative ideas are they sharing? How forward-thinking are they? Are they reacting in panic or are they acting with purpose and thought? Are they bringing you solutions or are they continuously pointing to the problem? Tides will go in and out and business cycles will go up and down. This is inevitable. What is in our control is how we show up, how we lead and how we act. Now is a good time to evaluate.

‍