#business-resilience

#business-resilience

Few things in life feel as empowering and invigorating as running your own business. That sense of facing down challenges and building something meaningful can't be beat. Of course, in times of uncertainty, the challenges can start to feel like they are outweighing the rewards. And while we might be tempted to retreat and minimize the scope of our growth plans, now is the time to stand up and stand out.

The economy doesn't move in straight lines, and oftentimes law firms feel every shift. Costs rise, clients hesitate, and financial decisions carry more weight than they used to.

In an unpredictable world, businesses must be prepared to face unexpected challenges, such as natural disasters or economic shifts. The recent one-year anniversary of the Southern California Wildfires have underscored the importance of being financially prepared for such unforeseen events. With so many economic headwinds facing California like rising insurance costs, cost of housing and a shortage of skilled labor, on top of new trade policies nationwide, the ability to adapt quickly is crucial for maintaining resilience and ensuring long-term success.

The revamp efforts saw Friendly's into its next era - that is, until 2020. When the COVID-19 pandemic struck, restaurants were especially affected, including Friendly's.

Joseph Bismark faced a daunting challenge after their American partner abandoned over 1,000 distributors. Instead of walking away, he and his partner chose to protect their trust.

Forcing employees to return full-time may reduce their remote readiness during unexpected events, causing them to lose confidence and effective practices developed during successful remote work.

The first step in managing fear is naming it. When fear arises, don't suppress it. Ask: What's the fear? Where do I feel it in my body?

We really had to beat the streets and find these places on our own... sometimes literally you'd drive past an open roller door, see certain machines...