Steven Taylor of Taylor Equities on Why it’s Important to Remain Calm in Business When Others Are Panicking

Steven Taylor of Taylor Equities - Calm during Panic

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In the era of COVID-19, many people are panicking. Nationwide, prevention measures such as shutdowns and quarantines have Americans living with the unknown. When faced with the unfamiliar, the common first reaction is to panic. As a business owner, it is important to remain calm while keeping your employees safe. While panic is a natural reaction to a crisis, panicking won’t save your business. To get through this dark time, we must remain calm and work together.

Why it’s important to remain calm in business when others are panicking:

Panic affects your ability to process new information

When in a state of panic, a person is set into “fight or flight” mode. In this state, our brains fight to process the best way to survive, which can affect our ability to process new information. Our ability to properly evaluate any news that we see, read, or hear can be disrupted. It is essential during this time that you keep a clear head in order to make proper decisions for your family and your business. It can feel difficult not to panic, but it is necessary to stay calm to keep your employees safe.

Panic affects your ability to develop a survival strategy

If your industry is still running during the pandemic, panic can also affect your ability to make every day business decisions. While many of us are working from home now, we still must continue with our companies. As you move forward, your best bet is to address new information in a calm manner and make one decision at a time.

Often left out of the commonly known “fight or flight” scenario is “freeze.” In the wild, panic can also cause animals to freeze up and not move at all. In business, freezing and making no decision can often be worse than making a poor decision. For this reason, panic mode is the last place you want to be in a bad situation. If you stay calm, you won’t freeze, and you can begin to make decisions to keep you and your company safe and running.

As a business owner, it is also your responsibility to keep your employees calm during a crisis. Panic is contagious, so it is important to be united as a group. Here are a few ways you can keep your employees calm, whether you are still in a workplace or working separately from home. Continue Reading