COVID-19 and the Entrepreneur

We live in very strange times. The public reaction to the COVID-19 virus has been truly astounding. People have altered their behavior – sometimes common sense prevails and other times it is like observing a bizarre alternative universe. Through it all, businesses large and small have been ravaged and some are gone forever. As entrepreneurs, most of us have never experienced anything like this in our lifetimes. We are attempting to plot a course that not only leads to survival but also offers an opportunity to thrive. So, how should the entrepreneur view and react to COVID-19?

What is the worst thing we can do right now with respect to this virus? It’s not going to be what you might think. First and foremost – we must stop watching and listening to the media. Why? Because there is a tremendous amount of misinformation being conveyed – sometimes intentionally. By consuming a daily dose of COVID-19 from our newspapers, televisions, and social media, one could easily conclude that every new case reported is going to end with someone’s death. And where does this lead . . . FEAR!

Fear can be a terribly destructive force. In short bursts, it is potentially protective in nature for it may be enough to cause us to pause and course correct in such a way to avoid serious harm – physical, emotional, financial, etc. The kind of fear being caused by COVID-19 appears to be a constant fear. Fear – especially constant fear – results in stress, triggering a hormone called cortisol. An elevated level of cortisol over an extended period is a bad thing in many ways. It can negatively impact the immune system and cause an increase in cholesterol, blood pressure and heart disease. A healthy immune system is exactly what we need to ward off this virus. Elevated cortisol and its underlying stress can also lead to serious mental illness issues and depression.

Think about how we react to fear in our daily lives. Are we able to make clear and rational decisions when we are afraid? Do we experience positive energy that opens us up to being more creative? Are we strategic when we are in the “fight or flight mode?” The answer to these questions is obvious. And yet, I know many entrepreneurs who are living in a chronically fearful and stressful state as they try to deal with COVID-19 and its impact on their businesses. There is no joy in Mudville right now (for those of you too young to remember this reference, Google the classic poem, Casey at the Bat).

There is a solution to the fear. Get. The. Facts. I said earlier that we should stop paying attention to the media. Instead, go to sources for the actual data. Dig into the CDC website – it is a treasure trove of information. Interview medical professionals who have real insight into the virus and avoid anecdotal accounts that you might hear second or third hand. Stitch together the facts from as many different sources as you can. The data is not perfect and there will be some contradictory results at times. But for the most part, we can synthesize what we discover in ways that makes sense. Then, armed with the facts, we can reach logical conclusions that will lead to strategies we can deploy.

We make sure we maintain good daily physical activity which is a great stressbuster. Besides staying physically fit we practice good eating and sleeping habits. We regularly connect with our friends, family, and colleagues. We strive to do what we can to help and support other people. Above all, we remain positive and know that this moment in history will pass just like all the others have for time immemorial. Guess what? These are all things we should be doing regardless of COVID-19!

COVID-19 should not rule our lives. We must ignore the politics, the politicians, and the media for they are likely agenda-driven in some way. Instead we take charge of what we believe and drive away the fear that we may be feeling.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

Quicksand

It’s time for a touchy subject. I’ve been thinking about it for quite some time and have been very reluctant to take the plunge. But as time has passed I feel obliged to weigh-in. The subject is politics. Don’t worry – I’m not taking sides here. Instead I’d like to pass along some observations that I hope will be thought-provoking.

For starters I think we can agree that society has become polarized to an extent never seen before in our lifetimes. It used to be that certain political figures were despised. Now this hatred extends to those who support the politicians. The media and especially social media are ablaze with inflammatory rhetoric and shrill commentary – all of which spans the political spectrum. Echo chambers have emerged with like-minded people egging each other on. Here are my basic questions. Exactly what is this accomplishing? What problem is actually being solved? Is the conversation (if we can call it that) lessening the polarization that we are witnessing?

For entrepreneurs (and others too) this is quicksand territory. When we spew forth on Facebook, Twitter, LinkedIn or some other platform we run the risk of alienating others – that’s obvious. I’ve heard a lot of talk about “being unafraid to speak up for our values and principles.” OK, fine. But to what end? Do our customers want to do more business with us because of our public proclamations? How does this affect our team members? And what about our friends? I made the decision long ago not to participate in political dialogue on public forums. Those who know me well are certainly aware of my political leanings. But the last thing I want is for my persona to be wrapped in political packaging.

A number of high profile CEOs and entrepreneurs have chosen recently to make political statements. In one instance a business leader purportedly said that team members who supported a certain political candidate weren’t welcome in his company. In other cases customers have supposedly been told that their patronage is not desired if they subscribe to a specific ideology. Without judging the merits of this discourse, I simply wonder what is to be gained by such messaging.

I’m the last person to subscribe to political correctness as a reason for raising this issue. And it goes beyond angering customers and team members. What’s really at stake is the health and well-being of our society. The polarization path we are on is not in our mutual best interest. The notion that anti-anything or anyone is productive is puzzling. We need positive energy to advance our entrepreneurial endeavors. And we certainly need positive energy as human beings to live vibrant and fulfilling lives. I submit that handwringing and negative social media posts do nothing to achieve that which we desire.

Part of the polarization problem we are experiencing may stem from the tribalistic nature of our society. There’s a lot of talk about open-mindedness but the fact that many of us function within monolithic “tribes” prevents a diversity of ideas and a true desire to gain understanding of other perspectives. This is not a condemnation but merely an observation.

What has been happening in this politically charged environment is a wake-up call for me. Rather than join the fray and “one-up” the argument, I am choosing to measure my words and actions against a standard of positivity and productivity. I’ll stand up for my principles in the voting booth and with my checkbook. My public conversations are about how I can serve and help others meet their needs and find success. I am striving for my customer and team members to see me as a positive force in their lives. I want to be for something rather than against. My brand of entrepreneurship is politics-free.

We need to work together to end the polarization in our society. We can start by taking a positive stance on social media and in our other public dealings.

You can also listen to a weekly audio podcast of my blog. What you hear will be different than what you read in this blog. Subscribe on iTunes or wherever you get your podcasts. You can also click on this link – Click here to listen to Audio Episode 38 – Reality Superstar.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

quicksand