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Are you a Leader or Do you Act like a leader? Do you keep your cool and don't play the blame game? The biggest potential casualty of this recent downturn won't be money—it will be confidence in your leadership. When things go wrong, do you blame others, shrink from taking ownership, fail to give credit when due or lose your temper? All these actions cause you to lose the respect of your people. Money can be recovered, loss of confidence in your leadership often can't be.
Tough economic conditions can bring out the worst insecurities in all of us. How you behave under this type of pressure sends a powerful message to your people about who you are, what you value, and how they should behave.
I see leaders every day who blame past leaders, get angry and engage in behaviors that distract and demoralize their staff. They miss an enormous opportunity to focus their people on the future.
This is a time to take ownership and look forward. You don't want your people looking over their shoulders. You want them thinking about opportunities and how to solve problems. You need to act as a role model for this type of behavior.
It's good to talk.