2020 has been a hell of a year and that’s saying something, but with news of the development of at least two vaccines, perhaps we have some light at the end of what’s been a long dark tunnel.
A couple of things have intrigued me about the vaccines. The first is my admiration of the scientists who have developed these at such speed. The second, is my wonderment at the logistical operations that will need to take place to ensure the delivery of the vaccines into the world’s population.
What we will witness is possibly the biggest planning exercise the world has seen since world war 2.
We can only hope this development will open up the economy and allow us to begin to explore the new normal. Our lives, habits and goals will all have to adapt to what will be a changed world.
It is becoming clear we will all face a dramatically different business landscape, with consumer behaviours evolving and technology at the forefront of decision making and purchasing.
When the economy starts up post-coronavirus, many businesses will need to be reenergized and reorganised. I would also contend that they must plan now for the opportunities that will exist.
Change brings many things, but as history has shown no matter how traumatic the transformation of society it always brings opportunities.
For example, post-pandemic, it’s likely many people will focus on financial planning, so they’re prepared to endure if disaster strikes again. That presents opportunities not only for financial planners, but also businesses that can develop online financial education suites and self-help financial platforms that help people stay on track with their budgets, savings and emergency fund goals.
Self-improvement and business strategy books are full of accounts of the habits of successful people and the stratagems of leading organisations.
I believe the best attribute of those that succeed is they have learned how to spot and grab opportunities as they present themselves. They have also developed the courage to use these no matter if they fail in the first attempt.
My questions to you are, what strategies do you have in place to survive and which opportunities have you identified to ensure you thrive in the post Covid business environment?
In short what is your action plan for the years ahead?
Now you may say, I’m too busy surviving today to think about the future, but this is a dangerous strategy.
If businesses fail to consider and prepare for the changes we will all see in the months and years ahead, they may lose valuable lead time and momentum to embrace and exploit these when they do occur.
Put simply, you may be lucky enough to do what you have always done but is it enough to survive?
Will others benefit from your inaction and develop the new opportunities that you and your business could have cultivated?
They may do because they are planning for the future.
Do not be afraid of action planning, it does not have to be a complicated process.
A good plan should always be simple but comprehensive. When it is simple, all employees of the organisation can know its significance and it can be easily put into operation. This gives you a greater chance of success.
I’d urge everyone to have both a personal and business action plan for the post Covid world.
I’d like to share with you a simple 2-page tool that everyone can use no matter what business they are in or their position in the organisation.
This is the one-page action plan.
Why don’t you to download this and consider the five key components that can give you a robust template for the future:
In the coming weeks before 2021 I’d like to share with you some very straight forward techniques to complete each section, that will allow you to have your plan in place for the future.
I hope you will join me in this exercise, and I’ll leave you with a quote from Warren Buffet which sums up for me what we are trying to achieve:
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Have a great week and download the template and we can begin on Vison next week.
John Joe McGinley Glassagh Consulting