Source: Beacon Equity Advisors Blog

Beacon Equity Advisors Blog Muir Musings on What Did We Learn?

What Did We Learn?When my kids were younger, I was a little league baseball coach.  I coached some really good teams and some really terrible teams.  After some plays, usually involving failure, I would ask “what did you learn?” The idea was not to explain what they did wrong but find out what they were thinking before trying to work on improvement.During the Covid shutdown, we are being constantly challenged to find different ways to do what were once routine tasks.  I have no idea what the “new normal” will look like, so I won’t attempt to guess. However, I will suggest we each take time to think about what we learned from this situation.  There are likely some changes we have all made out of necessity which made our business stronger and should continue when the shutdown ends.   Over the last two months we have adapted to changes in communication, staffing, production, and delivery.  Each business has its own story from the shutdown.  Take time (boy, do we have time like never before) to find the positives that have come from this event. Using what you learned from this situation will help your business become more valuable.One day after a lopsided loss, I asked the team what we learned.  After a few seconds of silence, one kid said, “Coach, I learned they are a LOT better than us.” Right now, it feels like the virus is better than us, but it isn’t.  Adapt, stay positive and move forward.  Click Here to email Jeff

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Est. Annual Revenue
$5.0-25M
Est. Employees
25-100
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