Business Owners

The Top Challenges of Owning or Running a Business

In This Issue

  • Top Challenges of Owning or Running a Business
  • Reclaiming Your Personal Life
  • The Rise of the Agile Organization
  • Connection Between Agility and Emotional Intelligence
  • Tom Peters Quote

The Challenges of Owning or Running a Small Business

A few years ago, Gallup conducted a study on small business owners to see just how much they actually worked. The survey revealed that 39% worked over 60 hours/week, and 57% worked over 6 days/week.

A New York Enterprise Report survey also asked entrepreneurs what their biggest challenges were. That survey revealed the following in order of importance:

1- The uncertainty that comes with owning your own business

2- Always being on the job

3- Avoiding burnout

4- Balancing work and family

5- Having to take on multiple roles in the business

Are you overwhelmed and feeling stuck in the day-to-day operations of your business?

Do you wish you could take back control of your life?

I have good news for you, there is a solution.

Click on the following link to be redirected to The Effectiveness Coach, Reclaiming Your Personal Life.

I believe you will like what you find there.

Learn More About Reclaiming Your Personal Life

The Rise of the Agile Organization

“Agility” is more than a buzzword in the workplace today; it’s a requirement. Organizations have to be ready for challenges they couldn’t have imagined five years ago. And every smart company you can think of is undergoing some kind of agile transformation

Why are organizations eager to become more agile, flexible, and resilient? Because the marketplace is being constantly reshaped by powerful macro forces: sweeping globalization, groundbreaking technology, unprecedented workforce diversity, and relentless competition.

And then there are the real human and economic game changers, utterly beyond our powers to predict much less control. Today, companies need to be primed for VUCA— volatility, uncertainty, complexity, and ambiguity. Thriving in the modern world of work demands it.

The Connection Between Agility and Emotional Intelligence

The more volatile, uncertain, complex, and ambiguous our working environments become, the more critical a truly agile workforce is to success. Yet, staying agile demands that people develop and use their emotional intelligence (EQ)—a level of sophistication that has never been demanded before. You and your workforce may be perfectly suited to today’s challenges. But what about next year’s? What if the competitor around the corner suddenly shows up on your doorstep? What if the next pandemic appears before you’ve recovered from the last one? Being competitive today means developing your employees to adapt to each new challenge in real-time.

Understanding Emotional Intelligence and Why it is Important

Click on the Link Below to access a 16-minute, educational video featuring Dr. Mark Scullard, Sr. Director of Product Innovation at Wiley. Mark will help you understand emotional intelligence and why it can be so challenging to make good decisions in social or emotionally charged situations.

Click Here to See Mark's Presentation