Preparing for Change in Business

Preparing for Change in Business

Benjamin Disraeli once said, “Change is constant,” and that’s never been truer in business than it is today. Hyper-fast technological advancement, “free agent” employees, churning regulations and laws — for business owners operating in our current environment, managing change is one of their most important jobs.

Managing change in a business is part art, part science. First, business owners need to accept it as inevitable. Second, employees must recognize that each day brings change and new challenges.

To thrive in today’s world, a company needs a strong culture that reflects an understanding and knowledge of the potential for change. Companies that embrace change — and look for powerful new ways to innovate — will prosper.

So how can you prepare for — and even encourage — change?

The first step is to identify predictable changes and adopt contingency or change management plans that reflect the coming adjustments. Don’t wait for change to come to you — be prepared to meet it head-on.

Stay current on changes and trends in your industry by tapping into the expertise and knowledge of other business owners. Do this by building your network<http://www.thealternativeboard.com/toolbox/business-owner-network/>, seeking outside counsel or joining associations that offer knowledge, guidance and a fresh perspective.

Consider change as a positive thing for your business — an opportunity for revolutionary (or evolutionary) growth. Rather than simply reacting, aim to shape changes in your industry by encouraging your out-of-the-box thinking and innovation in your company culture.

Change is coming. Are you ready to make the most of it?

Find out about the current state of your company culture and hear advice from other owners on making it stronger. Contact us today at (973) 540-0444.

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