It has been reported that the UK economy grew by 0.8% between July and September which for many was quite a surprise. It appears as though there is a never ending stream of negative news regarding both the UK and global economy, all of which has done little or nothing to extinguish fear amongst businesses and consumers.
Business and emotions such as fear tend not to always go hand in hand. The capacity to handle emotion in business is a vital skill and one which is often disregarded. Placing emotions to one side completely when undertaking business can however be considerably dangerous because business is not always black and white, there can certainly be a lot of grey. If as a business manager you are full of fear it may well stop you from taking the required steps to achieve what you need. For example, fear of the economic outlook could stop you from employing new staff or buying new machinery. There are risks with everything in business and to stop taking risks, be it little or large will stutter or stop the business from growing.
Growing a business prudently is an important tactic for all companies. Darwin observed that in nature species fight fiercely for survival and only the fittest will go on to pass on it genes. Many argue that the business community has adopted Darwin’s theory of evolution and have rigorously applied it.
Competition is a key force of evolution in nature and the same can be applied to business. Competition forces a business to be innovative and to grow in order to be certain the business can endure and eventually beat the competition.
Meanwhile it is down to the government to try and encourage business and offer the right kind of incentives which will inspire confidence and growth. The more the government can assure and ease people’s worries the greater the conditions are for business to take place. After two years of economic problems it is tough to instantly think positively about the economy but it essential to believe in what you are doing and where you are heading.
The enormous civil service in the UK, which includes institutions such as the NHS, are facing government cutbacks that will undoubtedly lead to job losses. Because of this the private sector is going to have to expand and absorb as many people as possible.
If you have a successful business it is important not to let fear get in the way of you buying those executive desks, glass desks or any other executive office furniture you need. Investing in people or assets is crucial in business and to the economy as a whole.
The future is always clouded but the present is clear and it is essential that fear doesn’t drag businesses, the economy and people down a slippery slope. A famous United States general, George S Patton once said “There is a time to take counsel of your fears, and there is a time to never listen to any fear”.
This article has been written by the author, Alex Blaken. Should you require any more Global Economy please visit his Fearless Global Economy resources!