Ways Business Owners can Deal with Personal Crisis

Entrepreneurs, by their very nature, are self-reliant. They set goals and achieve them with confidence. When a personal crisis strikes a business owner, it can be very damaging to their corporate environment and even its micro-culture. Suddenly, the dynamics change and can lead to irreparable harm. We’ve all heard the advice not to bring personal problems into professional space, but, some are so large they have a nearly uncontrollable effect. It’s best to bring the situation into perspective, but, doing so might be difficult to accomplish.

Ways Business Owners can Deal with Personal Crisis

In some instances, it’s possible to prepare a business for a crisis. When it’s impending and inevitable, business owners should prepare by speaking with their team members about delegating and assigning responsibilities, seek legal advice (if applicable), and focus on what’s most important. There will be difficulty in maintaining balance but by being proactive, you’ll have less to worry about.

Eventually it happens to the best of us. Something occurs in our personal lives that is so devastating, we have difficulty concentrating at work. It may be the death of a loved one, a divorce, a financial crisis, or serious damage to our homes. When our personal lives are in chaos, it can be hard to focus and get what we need to do done. —Inc.com

Unfortunately, it’s often the case that a personal crisis strikes without warning. When it does occur, it can be very burdensome to get through. Even the toughest entrepreneurs will have difficulty trying to deal with upset in their personal lives while continuing to run their businesses. Here are some ways business owners can deal with a personal crisis:

  • Outsource and be willing to ask for assistance. It’s okay to let go and farm-out work during turbulent times, especially if you’re having trouble staying focused and concentrating. Also, there’s no shame asking for assistance from your team — it’s actually a smarter choice.
  • Be upfront with customers. As soon as possible, let your clients know about the situation. You don’t have to go into details, but you ought to alert them to what’s going on, particularly if you’re not able to work as usual. You’ll find most to be understanding and that helps to give you some peace-of-mind.
  • Surround yourself with positive people. This is something that successful entrepreneurs naturally do but it’s very important when you’re going through tough times. Personally, I lean on others as well as my faith and prayer to shoulder the burdens of crisis. It’s uplifting and it can be a way to see the silver lining knowing others are walking with you.
  • Give team members more flexibility. Your employees are huge assets to your business and during a personal crisis, can be the best go-to source for carrying-out day-to-day operations. Give them the flexibility that’s needed to keep your company running smoothly.
  • Do not put undue pressure on yourself. If there’s one thing entrepreneurs struggle with, it’s the fear of not getting the job done. When you are dealing with personal issues, give yourself permission to lighten your workload.
  • Take time to reflect on what’s most important. This is an ideal time to put everything in perspective. Give yourself time off and reflect on what’s truly important in your life.

In addition to these, you should be honest with yourself about your life’s direction. Some business owners who experience a personal crisis use it as a learning tool advantageously, but others allow the event to cloud their judgment and make rash decisions. When you’re not thinking clearly, be willing and ready to ask for advice from someone you trust. In my life, I have found great opportunity comes from crisis because of my willingness to reflect and make changes. How have you overcome crisis and remained focused and successful with your business?

Want to find out about what a business coach can do for you?

[shareaholic app=”follow_buttons” id=”26833294″]

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Related Posts

Creative Environments photo

From $7.5 Million to $42 Million: The Turnaround Story Behind Creative Environments

From Family Landscape Company to Regional Powerhouse Creative Environments has been shaping outdoor living spaces in Tempe, Arizona since 1950, growing into one of the region’s premier design/build landscape and pool companies. But its most dramatic chapter began in April 1999, when John Waters joined the business at a point when it was generating roughly $7.5 million in annual revenue. What followed was one of the more remarkable growth stories in the company’s history — and a case study in how strategic leadership can transform a solid regional business into a diversified industry leader. Operationally Trapped, Ready to Scale Before this transformation, Creative Environments was dealing with a challenge many growing companies face: ownership felt overwhelmed and operationally trapped in the day-to-day, without a clear vision or leadership alignment on where the company was headed. Systems weren’t integrated across departments, the brand lacked a clear distinction from competitors, and the company was growing quickly without the scalable infrastructure to support it. Financial visibility and discipline were limited, and the business was heavily dependent on the housing market and a handful of major national builders — a dependency that would prove costly during the recession years ahead. A Complete Operational and Strategic Overhaul John’s instrumental strategic guidance led to his appointment as CEO in 2005, and from there the company underwent a full operational and strategic overhaul. That meant taking ownership of all major business functions and implementing coordinated growth, cost-control, lead management with a CRM, and profitability strategies. The team developed a proprietary ERP system for estimating that gave the company real control over margins for the first time, and built a recognizable brand through creative design and strategic marketing — including a new website, vehicle wraps, and updated collateral materials that helped Creative Environments stand out in a crowded market. Structurally, the company introduced new systems, standards, and accountability across the organization, launched a dedicated Maintenance Services division, and expanded into pool and spa services in 2008 to diversify beyond its core landscape offering. Leadership also initiated Buy/Sell Agreements to protect the business and its partners in the event of death or other major ownership changes — a decision that would later prove critical. Growth, Then a Stress Test The results of this overhaul were dramatic: revenue grew from $7.5 million to approximately $42 million in about seven years, with the new maintenance division alone reaching nearly $3 million by 2007. Creative Environments became a recognized premium brand for landscape and pool design across Arizona, with meaningfully improved operational efficiency and profitability. Then came the 2008–2010 economic downturn, which drove roughly a 50% drop in revenue and brought serious customer financing and payment challenges that strained cash flow across the industry. The financial discipline built into the company during the growth years paid off. Creative Environments successfully navigated the downturn, and the Buy/Sell Agreements put in place years earlier helped the partners successfully manage the death of a key partner — a moment that could have destabilized the company but instead demonstrated the value of planning ahead. The company emerged from the recession positioned for long-term, continued success as a multi-division industry leader. Building a Business That Can Survive Anything Creative Environments’ story is a reminder that rapid growth and resilience aren’t opposites — they’re both products of the same disciplined planning. If your business needs a clearer vision, stronger systems, or a plan that can hold up under real-world pressure, Waters Business Consulting Group can help you build it. Contact Waters Business Consulting Group to schedule a free consultation

Read More »

Imagine Selling Your Business…

How Would Your Life Change?

You didn’t start your business just to stay busy—you built it to create freedom, security, and options for yourself and your family. Selling your business can be life-changing, but the real question is whether you’re intentionally building toward that outcome or simply leaving it to chance.

Sign up below for a free consultative session to learn what your business could be worth today and in the future! 

Thank you for your interest in learning what your business is worth. We will be in touch shortly.