How Entrepreneurs can cope with Stress in the Post Covid-19 Era
The Pandemic caused by the Covid-19 virus created many problems for business owners and CEOs worldwide. We didn't see it coming; we were unprepared for the negative impact on businesses. According to IMF (International Monetary Fund), June 2020 World Outlook Forecast Q2 full-time job lost will likely be equivalent to more than 300 million jobs. Of the approximately 2 billion employed workers worldwide, the International Labour Organization estimates close to 80% have been significantly affected by this pandemic.
The global news reports show that businesses all around the world have been affected by Pandemic in different ways.
The shutdown of businesses was done to curb the spread of the Covid-19 virus. Sadly, closing or scaling down business operations has complicated implications. Many business leaders had to give the order to shut down their businesses for months.
This is the best time to leverage the benefits of meditation, yoga, and other coaching programs to reduce the stress created by the Pandemic.
We are happy that countries are opening up again, which means businesses can get started. But, the past events have created problems that company leaders must deal with.
Here are some of the challenges business owners are facing at the moment:
Accrued bills and other payments
Businesses are run differently, yes, many governments provided financial support to support businesses, but that money is barely enough.
Business owners are facing the pressure of generating enough money to pay off huge debts and bills.
Staff management
Many companies had to let their staff go during the lockdown period. So there is a problem of staff shortage. Also, the emotional stress caused by furloughing in companies affected the CEOs and employees. Employees were stuck with the difficult decision of taking care of loved ones, going to work to keep their jobs, or taking care of their kids because of the school closures.
Adapting to difficult operating guidelines
Due to social distancing mandates governments in different countries have issued rules and guidelines that must be followed when opening up businesses again.
The new rules can make it difficult for businesses to generate the income needed to run a profitable enterprise.
Overall, business owners are going through an emotionally and physically stressful period.
What can be done to cope with stress at this time?
Entrepreneurs, CEO's and leaders must handle their affairs accordingly. However, it will be difficult to perform optimally in the post-COVID-19 era, due to the challenges businesses are facing, which can cause stress, anxiety, and a lack of focus on business goals.
It is therefore important that business owners and CEOs handle stress proactively.
One of the best ways to handle stress and anxiety amidst the "hurricane" caused by the Pandemic is by engaging in meditation and Yoga. We recommend these tools because they are proven to prevent or handle stress & anxiety.
Here are some of the benefits of tackling stress with Yoga and meditation;
Attain Self Control
Meditation & yoga gives you the strength to stay calm in high-stress environments. Instead of experiencing panic, you can stay focused and find solutions.
Developing a positive mind-set
It is important that you maintain a positive mindset during the post-COVID-19 era. Some days, the business may be slow, but it will get better, don't give up, and instead leverage the benefits of meditation to stay positive.
Strategy development for your business
Meditation & Yoga and can help you maintain clarity of thought. What this means is that you can plan and develop better strategies to cope with the new ways of doing business in the post-COVID-19 era.
It is not the end, even though the road ahead looks tough and uncertain. There will be pressure, but you have to handle pressure well. That is the secret.
We will be delighted to help you learn how to develop your mind, body, and spirit and to cope with stress in the post-COVID-19 era.
Our meditation methods are designed for everyone, regardless of age, gender, or status. Read more about our online coaching sessions targeted at helping you stay motivated and successful as an entrepreneur, leader, or parent in the post-COVID-19 era.
Demetrius Irick, Founder of AkiliFlow is an Executive Life Coach that uses Meditation and Kemetic Yoga as tools to help his clients reach their full potential. The Best-Selling Author and motivational speaker have developed leaders around the world, building clients from Fortune 100 & Fortune 500 companies. His experience as a Manager, Executive Leader, and business owner has contributed to his prior success.