EP#37 - What to do if your Business is in a Slump - How to Cross The Chasm of Stress, Uncertainty and Stagnation

If you are a small business owner you have probably felt the feelings of being stuck in a rut or that your business is stagnating. It often creates an overwhelming stress in your life that can have a negative impact on your own mental health and relationships with those around you.
 
So, How do you deal with a bad spells in business? In this episode we try and tackle the problem head on, using our own experience and a real world example of exercises we completed to try and get the podcast out of a stagnation period.

We go over these 9 tips for getting your business back on track -

Start with you, do an audit on life and health, including mental health. Running/meditation helps clear the mind.Be very analytical of your original objectives.Be smart about it. Celebrate your wins - try to remember your original goals and calibrate your perspective.Don’t make things worse by doing nothing. Create a list of actionable steps that are measurableWrite about it and talk through the problems and be very analytical of the current situationTime to try harder or give up - sometimes things aren’t worth the effort.Attempt a root cause analysis of the problems.