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Coping with the Stress of Change
Brent Thomson • Jul 24, 2015
In business we are all faced with dealing with change, which can be stressful.
The World Health Organisation (WHO) defines stress as
" the reaction people may have when presented with demands and pressures that are not matched to their knowledge and abilities and which challenge their ability to cope."
When dealing with change and stress SURVIVAL is the key.
- S Size up the situation
- U Use all your senses
- R Remember where you are
- V Vanquish Fear and Panic
- I Identify
- V Value Learning
- A Act like the Natives
- L Live by your wits, but for now, Learn Basic Skills
Size up the situation
- Don't over-eat. Drink lots of water. Watch your breathing
- Size up your Equipment
- Size up your physical condition
- Size up your surroundings
- Gather information, Training: Understand what, when and why
- Be prepared to learn
Use all your senses
- Watch your reactions, behaviour & emotions in stressful situations
- Keep an eye on your team mates – can you help them
- Ask Questions, Clarify information, Talk to others, 'Ask the experts'
- Take notes, Keep 'in touch' with events
- Listen to advice. Keep an 'ear out' for assistance and tips
- Monitor your emotions Manage your stress levels, Maintain you work/life balance
- 'Sniff out' opportunities to learn and help others learn
Remember where you are
- This is business/work, not war! Keep a realistic expectation of your (and others) abilities
- We are all different and may react differently to situations
- We are all in this together
Vanquish Fear & Panic
- Plan ahead to succeed ---> Prior Planning Prevents Poor Performance
- Use positive 'self-talk ---> "I am very smart, I can do this!"
- Work your worries out ---> Identify your "Worry Shrinkers"
Identify
- Identify similarities: One of the key aspects to learning is the ability to identify similarities between different subjects. How can you integrate two seemingly different phenomena? In that ways are they similar?
- Identify the differences: The other key aspect is identifying the differences. How can you differentiate between two objects or phenomena? What makes the two different? What makes each one unique?
Value Learning
- Accept mistakes as part of the learning process! (More Mistakes = Greater Progress)
- Ask the experts!
- To better navigate your way through the literature available for any given subject, it might be useful to ask some recognized experts for their own recommendations of books and resources to read, and any specific questions that you may struggle to find answers for. Experts don't just offer information. They offer insights.
To learn more, teach more!
Teaching others what you've learned is a great way to instil that information in your own mind. As you think of ways to better explain the subject, how to express it in your own words, and how to structure the information, you will develop a deeper understanding that will contribute to your own learning.
Act like the Natives
- Go with the flow
- Balance your life
- Get help
Live by your wits
- But for now Learn Basic Skills – Increases your ability to cope with the stresses of change
If your business environment or tax situation is causing you stress, book in an appointment to alleviate your worries.
A $550 fortnightly Coronavirus supplement, to commence from 27 April for an initial six month period, will be paid to eligible recipients.
Eligibility
Permanent employees who are stood down or lose their employment, sole traders, the self-employed, casual workers and contract workers. This payment is in addition to the JobSeeker Payment under expanded accessibility
Existing and new recipients of the JobSeeker Payment, Youth Allowance JobSeeker, Youth Allowance Student, Parenting Payment, Farm Household Allowance, Special Benefit
If you're already receiving one of the welfare payments listed above, you don't actually have to do anything. Services Australia will automatically pay the Coronavirus Supplement to eligible recipients each fortnight.
If you're not currently receiving welfare, you'll need to apply online at MyGov using a Centrelink account or contact Services Australia by phone.
If you require further information on any of the above, require assistance in working out your eligibility or h
In line with the second economic response package, the federal government is supporting small business to retain their apprentices and trainees. Wages subsidies will be paid to eligible employers equal to 50% of their apprentices/trainees wages from 1 January 2020 to 30 September 2020. Employers who are eligible will be reimbursed up to a maximum of $21,000 per apprentice/trainee.
Eligibility
The subsidy will be available to small businesses employing fewer than 20 full-time employees who retain an apprentice or trainee as at 1 March 2020.
Has re-employed a displaced apprentice/trainee, who was employed by a small business at 1 March 2020 but who has since been released from their apprenticeship/traineeship by their employer.
Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider. Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian
COVID-19 Stimulus Package – Boosting Cash Flow Employer Payments
We have already seen how COVID-19 has impacted our everyday living from our daily grocery shop, all the way through to our local community, sporting events & tourism industry.
Is bad cash flow keeping you awake at night?
It is common to see profitable businesses struggle with cash flow difficulties. Small Business owners need to understand the ebbs and flows of their business and plan ahead.
The ideal situation for a business owner is to be able to pay all suppliers by due dates. Fall behind and the grapevine always seems to spread faster with bad news. A bad reputation for paying bills has many repercussions including difficulty in obtaining supplies and can also lead to a downturn in customers.
It's common that many small businesses fail during their infancy. This is due to new business owners spending cash flow without planning for future liabilities including Tax, GST, PAYG Withholding and Superannuation commitments.
It is often the second year in business that hurts most as you can get through the first year without paying any income tax. But when it catches up, it catches up two fold as you will be required to pay your prior years tax in full, and start paying instalment
Fact – 88% of sales is repeat business. It's at least 10 times easier to get another sale from an existing customer than a new prospect.
Buying your very first home can be a very exciting process, but also an expensive one. It's very important to fully understand what you are getting into before making what is likely to be your most expensive purchase so far in your life. Here are some helpful hints that may make the process a little more stress free.
Who wants to own their very first home?
If you haven't noticed over the last few years, metropolitan and suburban football has been struggling. Small community football clubs all across the land are folding or merging, as they can no longer support escalating player payments along with dwindling volunteer help.
Last Thursday night 6 representatives of GMG went to hear Chris Helder speak to an audience of approximately 90 people at Spoons Riverside, arranged by Swan Hill Inc. Chris is a certified practitioner of Neuro-Linguistic Programming specialising in advanced communication and behavioral modelling.
Chris provided us with a high energy and entertaining account of personality characteristics, body language and how we can identify these. This is designed to help us to be more aware of our own personality traits and also of those around us.
He also taught us his useful everyday communication techniques that can help us not only personally but professionally based on his FORD principle – Family, Occupation, Relax & Dreams (vulnerability).
Chris was an informative, entertaining and insightful speaker and I'm sure everyone who attended learned a great deal.
Below is a photo of our very own Ash Lawry with Chris Helder
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