Thursday, March 26, 2020
We are experiencing a Black Swan event that is creating fear and uncertainty. Businesses must adapt quickly to survive. Fortunately, access to great ideas and actionable strategies are plentiful. To help you filter through the noise and see the important, below are the three things business leaders need to know today.
1. An Article All Business Leaders Should Read
For the past 48 years, Sequoia Capital has partnered with hundreds of businesses that now have a public valuation of $3.3 trillion. They know a thing or two about leadership. In a recent post, “Coronavirus: The Black Swan of 2020,” Sequoia shared, “Having weathered every business downturn for nearly fifty years, we’ve learned an important lesson — nobody ever regrets making fast and decisive adjustments to changing circumstances. In downturns, revenue and cash levels always fall faster than expenses. In some ways, business mirrors biology. As Darwin surmised, those who survive ‘are not the strongest or the most intelligent, but the most adaptable to change.’” [Emphasis added.]
2. The Essential Meeting for a Remote Workforce
With over half of Americans ordered to “shelter in place,” managing a remote workforce has suddenly become a crucial skill for leaders. The essential business meeting, the Daily Huddle, has become critical to a productive and engaged team. If you haven’t implemented the Daily Huddle in your organization, or you want to refresh this important meeting, dig into this resource from Simons.Coach, “A Leader’s Guide to Implementing the Daily Huddle.” Also available is a PDF template, Daily Huddle Planning Tool, and an overview of the meeting to teach team members, “Daily Huddles: Keeping Teams Aligned in Real-Time.”
3. Simple Numbers Crisis Management Tools
Greg Crabtree, the developer of the Simple Numbers financial model for entrepreneurs, has created a resource for any business impacted by the COVID-19 crisis. If you need to make tough decisions about staffing, cash flow, financing, or government loans, I highly recommend Greg’s Crisis Management website. Crisis cash flow templates are available for restaurants, services, manufacturing, and sales organizations. If you’d prefer to hire Greg’s team to analyze your financial situation, contact Mike Maxson at 256-562-2337 or firstname.lastname@example.org.
If you have any comments, questions, or suggestions for the next #RuleOfThree, please contact me at email@example.com.
Rob Simons is a coach, facilitator, and storyteller – a unique fusion of skills that makes him uniquely equipped to coach entrepreneurs and business leaders to scale organizations. Using the Rockefeller Habits as his foundation, Rob has successfully trained hundreds of clients to build a culture of purpose, alignment, and accountability in organizations in a variety of industries. Contact Rob at firstname.lastname@example.org or 210-845-2782.