How to Accelerate Business under Covid-19 Situations?
How to Accelerate Business under Covid-19 Situations?
Let me ask you first, why you want to accelerate business in Covid-19 situation, when every business is trying to save itself, protect cashflow & you want to accelerate business?
Welcome to the Club!! You are one of those leaders in this world, where universe will see next big positive disruptions.
Does this mean, you do not want to protect cashflow? Off-course not. You want & you will. you just operate with different mindset than others. Such situations were always expected.
Does this also mean you do not focus on Saving LIFE during COVID-19. Off-course not. You will do everything possible to uplift life and protect every possible damage and also focus on creating impact through business.
It all boils down to the way you approach the problem, approach life. approach business!
As T. Harv Eker says - "How you do anything is how you do everything"
This mindset, we call it as Straight-Mindset. Lets understand what it is ( Just 3 things)
1. Mindset of Problem Solving: Do you love to solve problem? Yes Indeed, Then you are already working with different dimension. It is very important to understand, that you get paid or your company gets paid for solving the problems. But where do you focus? Do you focus on generating more revenue or solving bigger & bigger problems. Revenue is just an outcome of solving problem.
So find a big problem & solve it.
Daily Introspection Question: Which customer problem did I solve today?
2. Mindset of Compounding: There is magical formula in this universe. Some may call this as 8th wonder of the world.
Anything you do everyday for an year, gives you competitive moat of 37.8 times. Would you like to create competitive moat around your business. Then find 5 things which are required for growth & do it everyday. Sometime, urgent things press you hard for your time but make it rule for the day. If you are already practicing this formula, then Covid-19 is just blip in your radar. you shall pass through easily. Infact you will accelerate through easily.
When you are 37 times ahead than competition as we stand today, then you are already in Digital Virtual World. New Business Model. Digital Virtual Service Delivery or Virtual Customer. Machines may also be your customer (not only humans). Is your business ready to handle machine as Customers. Think about it! Machine does not need experience, they need result, Just-In-Time, with 100% quality what stated by you in your offerings.
Can humans serve machine(new Customers). May be or May not be. So you need Intelligent Machines as well in your organization. Think about it!! Go beyond Humans.
( Every organization has machines but used by humans, governed by humans. I am talking about Fully Loaded Intelligent Machines who can think, operate, serve customers.)
Daily Introspection Question: Did I follow Mindset of Compounding today?
3. Mindset of DeepRoot: Vision & Mission statement have been common in companies. But does your business breath through it?
This (Mission) is new cashflow, you need to monitor. This is bloodline. Everything happening in your business around this. While Investors are more focused on getting ROI. But please note, they are lending money to you because your bloodline can operate entire engine & serve customers. Solve problems. If you cut your vein and expect to run 10km run, you will die midway. So protect the bloodline. Focus on identifying & picking up leaders who can reverberate your bloodline.
Daily Introspection Question: Did I ensure my bloodline is reverberate in everyone in my team?
Additional Introspection Question: Did I positively impact LIFE?
Good Luck! Future will not always be the same.
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