#150 Leading in Tough Times

UNLOCKING THE SECRET OF LIVING RICH | MONEY MASTERY | FINANCIAL FREEDOM

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Prosperous businesses don’t pop up overnight. Someone drives them to success. That person is their leader. This applies to families too, not just business. Every family hits a rough spot, and every family has one person they look to as their leader. Everyone has to weather a rough patch at some point, and while business leaders must make tough decisions on how to improve their situation, they also have to pay close attention to team morale. The most damage to a business and a family often comes from low spirits. This means, when trying times hit, your company and your family will need a leader more than ever. In recent months, the novel coronavirus disease (COVID-19) has negatively impacted businesses all over the world, with 79% of US businesses impacted and 34% of working adults are unemployed. Income, sales and revenue are falling short. You may be facing the prospect of downsizing. Your best employee might be struggling to work remotely full time. Your team's morale is at an all-time low, and it's your job as their manager to lift their spirits and get them back on track. Your family may be on the brink of falling apart. As a result, many have adapted, expanded their products and found new ways to engage their market. The good news is, you can too. To help guide your operation through crises, here are some leadership tips. It is designed for business, but the same principles apply for leading your family.

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