Two-thirds of businesses experienced a COVID financial hit, according to ABS data. But it’s not all bad news, says Rob McLean, co-author of Bulletproof Problem Solving, whose blueprint on thinking shows small businesses how to profit from new ways of thinking.
Rob McLean is no stranger to solving big business problems. He and co-author of Bulletproof Problem Solving, Charles Conn, have this year developed six mindsets for businesses to adopt in uncertain times. McLean has watched with interest the different ways small businesses have reacted to the pandemic.
“Many have thrived by trying new things,” he says, “and, if you’ve got good cash flow and debt capacity, you can lean into the trends happening now. But if, say, you’re in retail and your cash reserves are low, your challenge is putting together survival plans and making what we call ‘no-regrets moves’, taking small steps that are consistent with the knowledge you have.”
And that’s where McLean and Conn’s six mindsets come in – helping steer your business to more solid ground over the next 12 months. Here’s how you can fine-tune your thinking.
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/six-problem-solving-mindsets-for-very-uncertain-times