9/07/2022

Take a FREE Stress Test

Creating Great Places To Work!
Managing Stress
The business world is filled with many challenges and opportunities. In order for a business to take advantage of opportunities and overcome challenges, a business owner must be able to continuously perform at top levels of achievement. When stress is not managed this consumes much of a person's energy therefore not allowing great portions of that person's capabilities to be effectively used in the work or personal environment.
A Simple Stress Test –
Take the Business Owners Stress Test

  1. I am impatient with others at least several times a week
  2. I worry about the sustainability of my company’s revenue streams
  3. I have business debt that is more than 20% of my annual revenues
  4. My spouse (or employees) just don’t get how big a job this is
  5. Given the effort I’m putting in, my net income is nowhere near high enough
  6. If I wasn’t here, the place would fall apart within a month
  7. I can’t seem to attract – or keep – the right staff
  8. I’m doing tasks that I do not like or am not very good at
  9. I am working more than 10 hours a day
  10. I am running faster and harder than I probably should be

If you have checked off three to five then you might consider what stress points could be reduced and how you will go about doing that reduction. Consider stress management as an investment in your business no differently than any capital expense. As a business owner, your largest single capital investment is yourself.

~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved
Working Skills Needed For The Future
No matter how much you plan for the future; it is still an unknown. You never know exactly what will happen; you can assume and make plans for what you think might happen. When preparing your business and workers for what is to come, you must base it on a hypothesis.

Are You Prepared For The Future?
The last thing you want to do is be unprepared for the future. When you do not have a plan in place, you cannot expect things to play out very well. Especially, when it comes to workers. Times have changed, and so have the work ethic and abilities of future workers.

Many companies have turned to technology for replacing many employed jobs. For example, self-check-out lanes at stores and movie rental boxes instead of stores. In bigger companies, there are machines and conveyer belts that to the manual work.

What Skills Will Be The Most Beneficial For the Future?
Where do you begin in training your workers for the upcoming years? With the unknown at stake, you may be confused about what skills your workers need to obtain. The best way to prepare your current workers for what is to come is to strengthen their foundational skills.
For Example:
      Have the abilities that it takes to work and thrive in a Digital Environment
      Be a Valuable Asset to your company by adding Value that exceeds the Automated
Systems
      Be Teachable and Adaptable to changes being made

There are many different categories that these skills can fall under. Cognitive skills, self-leadership skills, and interpersonal skills are all valuable to the jobs of the future. Foundational skills can carry you through the many changes that are ahead.

Change Is Difficult
Not everyone is open and willing to take on changes. It is a complex concept for many people to wrap their heads around. If you are not available to changes being made in your business, then your business may find someone who is. You want to accept changes being made and do your best to learn new techniques.

This way, you will be valuable to the company as the future creates more and more changes in the business world. Everyone has gotten a taste of these changes with the recent COVID-19 pandemic. Many companies who never thought they would go virtual have, and some have remained virtual as things open back up.

~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved
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Building Digital Dexterity Into Your Workforce
Prior to 2020, working remotely at home was almost unheard of unless you were a private business owner or worked overseas. Today the realities of the Covid-19 pandemic have changed the game. Many companies have transitioned into a work environment that supports remote work-from-home scenarios, hybrid office days, and digital meetings. During the beginning of the pandemic, many mid-sized companies found ways to cut spending on travel, training, promotions, marketing, hiring across the board with the expectation of digital technologies. The expense for employees significantly increased as work became more digital. The expense continues as companies continue to utilize a hybrid digital-work scenario.

Though companies will do their best to meet this growing need for technological collaboration, they will fail if they do not improve their digital dexterity. Using technology to grow the business in all aspects should be every leader's goal.

Why Is Digital Dexterity Important?
Technology advancement has skyrocketed since the invention of the IBM PC in 1980. Companies have competed to showcase their latest technological advancement, which will aid in business and manufacturing across the globe. Technology certainly has advanced many different professions and taken the business to new heights. The progression led to the internet, then onto smartphone technology, and from there cloud servers.

Digital dexterity is now more important than ever. As each part of an organization functions separately, it is difficult to get everyone on the same page with advances in technology as it changes. The pandemic has taught us that having these technology systems in place like SaaS-based personal and team productivity applications helps flip-flop between remote settings and the workplace.

How To Build Digital Dexterity in the Workforce
The level of digital dexterity in an organization often determines the likelihood of success for a digital transformation. About 16% of all leaders and 9% of employees have a high level of digital dexterity. Below are ways to build a digital ambitious company:

  • Teach employees how digital dexterity can help them reach their career goals and grow as a person.
  • Replicate what works at other successful companies and model the practices through your teams.
  • Offer Broker development experiences to employees. Help employees build new skills in ways they find most interesting to them.
  • Identify employees who can act as "digital translators" and "skill disseminators" to help encourage the movement to digital dexterity and coach others.

The economy is unpredictable in many ways, but one thing is certain: the need for digital dexterity. Our society will continue to grow and technologically advance despite what setbacks our economy endures. The hybrid remote workforce is no longer taboo as many companies continue to make this the new normal. Using these techniques will help you to ease this transition and motivate your employees.
~ Written for us by our associate Gary Sorrell, Sorrell Associates, LLC. Copyright protected. All rights reserved
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