How to Deal With Industry Disruptions

Published: April 18, 2019, 11 p.m.

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Disruptions are ALWAYS a good thing. Don’t ever feel threatened when they come for your business. There are many ways on how you can welcome this significant change with open arms. Learn them today as you tune in to this episode of the Leadership Revealed Podcast!

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John, your host, prepared 5 useful tips that are not just applicable in the property field, but in any industry you’re in. Let’s admit it, there are just too many business owners and leaders that can’t just wrap around their mind on what to do next when new things enter the playing field. The best you can do is to accept disruptions’ existence, be adaptable, and always be prepared with a plan.

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KEY TAKEAWAYS

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5 Tips On How to Deal With Industry Disruptions

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  • Accept that it’s out of your control. You should know for a fact that disruptions appear all the time in industries. Get the frustration out of the way and learn how to be adaptable with these disruptions.
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  • Have a plan. Always be on your feet on how you could devise a plan that could still position yourself in your industry.\\n
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    • In property, we don’t know yet enough details about the abolishment of Section 21. Until we know the final decision, observe and learn more so you’ll be ready when it’s finally time to do a detailed plan.
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  • Act quickly. Know your numbers since they are excellent indicators what’s going to work and what’s not.
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  • Compartmentalise your decisions. It’s very rare that issues that your business goes through are simultaneously related. When you compartmentalised, it’s effortless and quick to find solutions.
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  • Learn from it. People will tell you to learn from your ups and downs or from the other people who’ve experienced it, but what we forget is to learn from every disruption that is happening.
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BEST MOMENTS

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  • “It’s happening. There’s not a single thing to do about it.”
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  • “Business is tough. Business is not for the faint-hearted. If you want to be successful in business, then you will have to make some decisions.”
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  • “If you can compartmentalize, there’s nothing that gives me great satisfaction than being able to cross off that particular issue or that industry disruption. That’s done now. We’ve dealt with that.”
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  • “It’s not the necessary individual itemised issues that a particular industry had brought up, but it’s more of the theory from learning from it – it’s the theory of being able to adapt to issues, problems and situations quickly.”
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VALUABLE RESOURCES

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ABOUT THE HOST

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John Paul is a serial entrepreneur in various sectors. He owns the Castledene Group, which employs over 50 people in the North East of England, managing over 2000 properties and selling hundreds more per year. John also consults with hundreds of agents with a view to them building a business to create a life through his consulting business, Agency Consulting.

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Get in Touch: 
https://www.facebook.com/agencyconsulting/
Https://www.linkedin.com/in/john-paul-14167211/
https://twitter.com/TheLHAExpert
johnpaul@agency-consulting.co.uk

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