Hey Entrepreneur! The same question “Are you ready atleast for the next 3 years?
No matter who you’re, your life and business will get impacted by inflation and no one can escape from it.
Maybe a few who have more money, established business or growing business or handsome salaried can think, “It doesn’t matter or will have any impact on me”.
If you think that way, then listen carefully:
✔ Nothing Fails Like Success.
Where is Kodak to Blackberry to such world-class companies? Inflation hadn’t impacted them, but
✔ Arrogance has washed them away. Be mindful of it.
✔ “I know”, will be your greatest enemy.
If you think that with current knowledge, expertise, and especially the culture that you now can lead through the time, then this will cost you a fortune.
✨ So, what do you got to do:
✔ Create a new playbook with frameworks for the next 3 years.
✔ Digitize your business; not doing is riskier than digitizing. You got to work on real data every day to earn the day.
✔ Focus on the ‘Consumer Balance Sheet’ the way you have a financial balance sheet. I shared about it in my recent podcast series 9. You can check it here at https://anchor.fm/harshzad
✔ Focus daily on financial data to address the bottlenecks immediately
✔ Revise the pricing policy.
You got to increase the prices of your goods &/ services along with the employee’s wages.
✔ Identify the employee’s raw talent develop them like an Olympic champion. 41% above in the US and 61% above in India looking for a change and change to jump.
💖 Right Talent
💖 Right strategy at right time and
💖 Right risk can definitely bring more cash 😁
✔ Changes in the business model considering the entire value chain will be mission-critical. I shared in my same recent podcast series 9. You can check it at https://anchor.fm/harshzad
✔ Implement an accountability partnership program
✔ Create a code of honor, this lacks in almost the majority of the companies.
✔ The list can go on and it has to be completely tailor-made.
Now the biggest question is:
✔ Can you do it with the same talent you have now? As I said earlier, probably can’t.
✔ Hire the right mentor and coach who can walk you the distance and know the destination. From Bill Gates to Warren Buffet to name any top leaders, they have one thing in common is having a coach and mentor.
✔ If you can do it by yourself, you would have done it by now. So, don’t behave cheap on the way to your greatness.
✔ Look into your risk appetite and see how you can mitigate it by increasing the CAPEX to improve the capability. There’s no other option for you than this to thrive in business than going out of business.
✔ Take a quick and fast decision, not taking any decision is also a decision.
✔ And decision changes fate.
All the best.
If you need any help then send me a private message, will be very happy to help you with our C-Suite Strategic Leadership Consulting Phenomena where I handhold you through the year.
You can also apply here at https://harshzad.com/wealthy-business-intensive
Ok.
Thank you, be awesome and prosper.
For your wealth
Harshzad K
Let’s BIE HUB
#inflation #recession #greatresignation #leaders
