How to grow through uncertainty | Issue #211
How to maintain your business growth in a world of uncertainty
Uncertainty is back, and this time it’s on steroids. The UK economy is tanking, and interest rates are soaring. Instead of stabilising the situation, the government seems to be hellbent on suicide. Surrounded by all this turbulence, businesses are in danger of being knocked off course. It’s hard to keep a steady ship, let alone think about growing.
Yet, in uncertainty, there is opportunity. I’m not just saying that. It’s my experience. I scaled two UK businesses from zero revenue to £30 million. Both were during recessions.
You may not be able to control external forces, but there’s plenty you can do internally to take control. Let me introduce you to the ‘Twenty Mile March’ concept.
Uncertainty: The Portal to Possibility with Nathan and Susannah Furr
How do you deal with uncertainty? Do you avoid it at all costs or do you embrace the unknown excitedly?
To discuss the upside of uncertainty is husband and wife team, Nathan and Susannah Furr, authors of The Upside of Uncertainty.
As the Professor of Strategy and Innovation at INSEAD, and with a PhD from Stanford, Nathan is an innovation and technology strategy expert. Susannah is an entrepreneur, designer, artist, and contrarian who’s recently started a bio-intensive garden as part of a ‘hope accelerator’ in Normandy, France.
On this episode of The Melting Pot, Nathan and Susannah share their experiences of tackling uncertainty, and discuss how you can improve and train your risk tolerance and seek the upside of uncertainty. And in doing so, how we can then impact organisations.
Download and listen to learn more.
A podcast by 37signals about the better way to work and run your business. In Season 2, they’re going through Rework (the book) chapter by chapter and talking with authors, Jason Fried and David Heinemeier Hansson, about what’s changed in the world of business over the last eleven years since the book was published.
It’s not always possible to help the people we supervise identify and work toward their career goals. But having a sense of purpose and a feeling of momentum in achieving our career goals is powerful — so when we can assist our employees in getting there, it’s a meaningful way we can make a difference in their lives and their professional success.
Everywhere you turn, uncertainty seems to be on the rise. Dire climate predictions, unease in the workforce, novel diseases, political and economic volatility. The digitization of everything is monetizing our attention and obliterating stable industries. For the average person, burdened by the weight of uncertainty, negotiating even the smallest of daily decisions has become harder.
Only two in 10 U.S. workers feel connected to their organization’s culture. While in-person interactions are powerful, they alone were never enough to create the magic of connectedness. So, what explains why hybrid is working better? Hybrid workers may feel more connected to their organization’s culture because the office and the remote workplace are being treated with greater intentionality.
Whether you’re searching for courage to start a new project, change careers, launch a business, develop an idea, or reinvent yourself after a disappointment or life change, you will face uncertainty—that ambiguous and uncomfortable state that often makes us feel confused, anxious, and afraid to act. Though these moments are difficult, they offer opportunities for personal growth, innovation, and creativity. In The Upside of Uncertainty, INSEAD professor Nathan Furr and entrepreneur Susannah Harmon Furr provide a sweeping guide to embracing uncertainty and transforming it into a force for good. Drawing from hundreds of interviews, along with pioneering research in psychology, innovation, and behavioral economics, Nathan and Susannah provide dozens of tools—including mental models, techniques, and reflections—for seeing the upside of uncertainty, developing a vision for what to do next, and opening ourselves up to new possibilities.
Are most of the meetings in your company a waste of time? We bring you the ultimate guide to help you fix your meeting rhythm and take a massive leap forward.
News From The Farm
Dominic Monkhouse is hosting his last half-day strategy session of the year at Foundry Farm in the New Forest. A results-driven workshop in an intimate setting where you and five other business leaders will get the opportunity to work ON the business and leave with proven strategies and actionable ideas to implement the next day.
Join Dominic on Tuesday, 15th November in the New Forest (UK).
ONLY 6 SEATS
3 days to work deeply “on” the business, and address questions that will break open your creative side – in addition to Verne’s one-on-one sessions – is the power of the event. The CEOs and their #2s who participated in last Vail CEO Boot Camp unanimously said that it was ‘the most impactful executive education they’ve experienced’.
Limited offer for 8 CEOs and their #2’s.
28th-31st March, 2023, Lucknam Park Hotel & Spa, near Bath (UK).
Quote of the week
“If there’s one thing that’s certain in business, it’s uncertainty.”Stephen Covey
Dominic offers business coaching and management development, strategy planning and organisational change, using tried and tested methods to launch your organisation onto an unparalleled growth trajectory. His programme is a function of his broad experience, his deep expertise and a proven process used by over 2,700 firms worldwide.