On this third episode of Small Biz Challenge: Where We Grow From Here, host Shannon LaNier and special guest Robert Herjavec, founder and CEO of Herjavec group and star of ABC’s Shark Tank, discuss leadership behaviors. In addition, Robert provides meaningful advice on when and how to handle everything from layoffs to cutting back operations to suspending business entirely.
Highlights From This Episode
What advice would you have for business owners that are experiencing a lot of anxiety and fear?
My first premise to everyone is be absolutely brutally honest with the state of affairs. Don't let somebody make you feel a certain way. Don't assume you're in something that you're not. Because right now, being dishonest with yourself, your employees and your customers is really going to hurt you.
You've got to be very clear what the situation is. Are you still in the downward curve? Have you bottomed out a little bit? Is there a bit of an uptick? It really depends on the industry that you're in.