I try to read widely on the topics of current affairs, business & leadership and I am struck by the feeling that we are currently at a turning point. It strikes me that when commodity prices return to higher levels things will not return to how they were. go to site There will be a new “normal” and it will not look like the past. This leads me to wonder how we will look back on 2016 in 5 years’ time. If necessity is the mother of innovation, what will we say about the outcomes of the current economic turbulence?
I thoroughly believe in the concept of go site living outside of one’s comfort zone, I have always found that being too comfortable drives complacency. When I am not in my comfort zone I am more creative, reach out to find answers and strive to get to the bottom of issues and problems. I learn more, do more and am happier. I am increasingly finding that many people who have been in their comfort zones for a while are feeling the challenge of being out of it now. To me this is a very good thing. It is uncomfortable, disruptive and exactly what we need. These are uncertain times and some of the questions churning in my head at the moment are;
- Is the Canadian stock market on the brink of a large correction?
- Is the housing market going to plummet?
- Is this just the tip of the iceberg of the Chinese market correction?
- Are the Canadian federal and provincial governments going to develop policy on energy and climate change quickly or will it take years?
- As a business owner and a private investor does one exit Canadian investments and head for the hills or is now the time to buy like crazy?
- When commodity prices recover, will the lost jobs return or will the Canadian industry come out of this leaner in order to remain globally competitive?
- Will the skilled technical workers in Western Canada reinvent themselves for other industries or will they exit and head to other global destinations?
These are the questions troubling my friends, customers and business partners alike. I have my views and predictions on each of the aforementioned points. We could debate many of them until the cows come home. However, the more important question is what am I doing about them? What actions am I taking? Here are my actions to help me face the current challenges and drive innovation outside of my comfort zone. I encourage you to try them in your own businesses:
- Widening our research network & broadening our network of associates; thus adding new perspectives.
- Collaborating more with other business owners, how can we add value and generate revenues for each other?
- Talking to people who have been in business a long time, asking them what happened in the 1980s, what would they do differently if they had the chance?
- Spending more time working on, rather than in, our business.
- I am starting to see the forest for the trees by focussing on the big picture. This is a marathon not a sprint.
- Delegating more of the detailed work to avoid getting lost in the rabbit warren.
Thank you for reading, I welcome your comments and thoughts. If you like this article, please share it with your networks.