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Virtual Office: Since the lockdown started, some business owners' discussions and meetings with not only their customers but their teams became more authentic.[/caption]
We understand the economics of it. I understand completely. I'm a business owner. You have to make hard choices during these times. The way that the owner of the business communicated with me was very roundabout, "Now's the time making a great change for you. This is going to be a great opportunity for you as a client of ours.” She should have said, “Business is tough right now. We've had to let some people go. Your account manager was one of them but you're going to be taken care of. I’ll be more involved now.” She didn't say that. She should have. "We've got this other person who I know is very junior.” I don't feel as comfortable that I'm going to be as taken care of because I’ve been working with this other individual for five years.
I think about that as two things. One, if your employees as a business owner may be thinking they're going to be the next person that might be let go and then if you're the business owner that had to take and downsize, how to properly communicate that in a professional manner? You can say, “We made some choices and this is why we did it.” What you would like to receive as a business owner is the same thing you should adopt to take and communicate with your clients. For you with your employees, being transparent, “Yes, we did get the PPP. Yes, we're going to work hard. Yes, we have some of the pressure taken off the company because of that, but it's not a forever pressure relief.”
We're diversifying. This situation, I thought we were very diversified in our clients. We are, but we still took a huge hit because we have industries that are shut down, that I didn't think would be affected. We do a lot with the universities in this area. We have four universities that are clients and one of them has already told us they had a 75% budget cut. Their fiscal starts July 1st. At first, I was thinking, “It's the remainder of the year. You’re upset. I understand that.” No, it's for next year too.
That's dealing with the uncertainty. We talked about this before, volatility, uncertainty, complexity and ambiguity. It’s taught in most of the military schools. One of the tenets is you’re going to have to think about what you think, where you step back and you go, “If things changed again and be aware that it's going to be evolving, the situations that we're going to be in.” You go, “What's changed? What's the same? What can we do? How do we adapt?” We were talking about the value of time. For me, I'm armed and dangerous from the time I arrive at the office until 8:30 or 9:00 in the morning. It's the time I get most done in my day.
Unless it's on fire or the barbarians are at the gate, that's a very structured period of time for me. I don't have clients. I don't have people come in. I don't have any calls, all that stuff. For a business owner, if there's an effective period of time that you don't want to be on a Zoom call and you tell your staff, “This is my business planning time frame,” let them know and say, “It's not that I don't appreciate what you're doing, but save it until this time and we'll schedule it.” You’ll manage your time better.
I time block. I have a color-coded time blocked calendar. They laugh at me sometimes. They look at my calendar and it's all these rainbows of colors. I do that so that I can see when I'm spending too much time with administrative, when I'm not spending enough time on business development, when I'm not spending enough time with clients or whatever. That's why I have it color-coded. I know what I'm spending my time on at a glance. If I’ve got too much administrative time in there, I'm like, “What am I not getting to my administrative person that I should be?” It's a good tool for me. They know that usually, I'm in the office early. Like you, I'm an early person and I too don't like anybody to bother me before 9:00.
[bctt tweet="Business owners can manage their time better by being open about when they don't want to take calls." via="no"]
One of my people call me at 8:35 in the morning. It was Wednesday or Thursday. I answered the phone. I probably shouldn't have but I was like, “Maybe it's something important.” It wasn't. I said, “I can't deal with this right now. I’m in the middle of something else.” She was taken aback and I’m like, “This has to wait. I have to finish what I'm doing. I'm in the middle of it. I’ll call you. I have a 9:00 call. After that, I’ll call you.” She's like, “Okay.” I said, “We have to schedule these things. You can't just come at me for general questions about things.”
That's framing. For the employees and the people as well, being aware of everybody's time. The fact that we're all available pretty much all the time now with a virtual office, you're at home and in Zoom, you can manage your time. Frame it properly with the employees and say, “It's not that I don't want to talk to you, but the more effective I am, the more secure your job is.” You look at it as it flows down from there. One of the things we talked about is if you get the same question that you think it's something that the team needs to hear, then you say, “Ask me the question again. I’ll put it on record.” You can share the Zoom video out to people and say this is something you can view at your convenience but I think it's important.
I was listening to The Virtual Advisor Series from Elite Advisor Blueprint. They were interviewing a company that has been running virtual now for over a decade and they've got 1,000 employees. They were talking about how they took and promoted their culture. They have a call every Monday. On the call, the rules of the call are no one can be muted and no one can turn off the video. If somebody muted it off, they say in the meeting, “We're waiting for good old Bob over there. Bob is still muted and doesn't have his video on, so we won't start the meeting until they do that.” Pretty soon they catch on and said what they found is in pushing the culture, reminding of what's important, maybe a good story from the week where it illustrates the culture and how you've helped your clients, which reinforces that. They said, “If everybody's on all the time, then it doesn't stifle a response if somebody has an idea.”
During this time, especially in a call like that, celebrating the successes that people are having. There's so much gloom and doom right now. We were talking about this and the first week was like, “What is this?” The second week was like, “We're all going to die.” It was like, “I'm over this.” This is a long-term situation. If we're not celebrating the successes we have, even if they're small success. I'm in a mastermind group and we talk now every week. We used to talk every other week, but during this time we thought, “We need to talk every week.” We still start with our wins for the week.
“Who has a win this week? What was it?” That way, we can all say, “That's fantastic," and recognize that I can have one of those wins. If they got a win, I can have a win. What happened this week? What did you do differently than you did last week to help you get that way? If you have a group of people or peers, we've talked about this before, maybe that's something that you do. One of my group, she indicated something and I'm like, “That's an interesting idea. Can you send me what you did?” She's like, “Yes. I’ll send it out to everybody.” I'm going to take a look at it and go, “Maybe this is something I can implement so that I can have a win.” We challenge each other.
Get the community of people together and you do those kinds of things. As you look at your week, there was a study that came out on you feel more fatigued after a series of Zoom calls. There's a whole psychological study as to why that is and going, “It's not something that's odd.” It's more stressful because you're on and they're in your house. You look at yourself and you go, “I look that way and I have this motion and whatnot.” If we're wrong and let's say this is a short-term problem, it's not long-term, then good for all of us, but I wouldn't want to bet my business that it's going to be exactly the same.
Being adaptable and thinking about, can I operate virtually and how do my employees feel about that? Can I communicate to the people that are on the team that we care about them, that we're worried about their health and we're worried about their families? We're doing this to take care of them as well as our clients. We're worried about our clients so we take care of them as well by doing this virtually until we get their immunity going. Worst-case scenario, this goes on for a long time and we learn to adapt. Best-case scenario, it doesn't go on for a long time and we still learned a new tool and adapt it.
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Virtual Office: In a long-term situation like the COVID-19 crisis, it's important to be celebrating the success that people have, even if they are small victories.[/caption]
People have been laid off. They've been furloughed or they've been laid off. How would we get back to work and they get to come back or they don't come back? What's the landscape going to look like? If I'm a larger company, maybe I’ve got 50% of my people in the office and 50% of my people working remotely, or maybe 30% of my staff is back in the office, and 40% are working remotely and we've lost 30% of our staff. How does everybody in the office and working virtually feel like they're with a company they want to support and be loyal to? How do we make that? Does everybody get a t-shirt that says, “Team One,” or something like that? Our next Zoom call, everybody's in their t-shirt or they're taking videos or images of themselves and posting it on the company's virtual board so that we all are doing something in their t-shirt?
Do we have something that's adding everybody's desks when they get back? How do we make people feel as if they're still loved as part of the team? That's going to be important. Right now, everybody's in the panic mode and working long. Eventually, they're going to get them to the reality that Bob that used to sit next to me is not coming back. Who's doing Bob's job? I am, and I'm not getting paid more for it, but I have to be grateful because I got to keep my job. After a while, that's tough. It's like, “I'm doing my job and Bob's job. Maybe I'm doing Susie's job too, and I'm still getting paid the same. I'm stressed out and I have to come into the office every day, but Mary over there gets to stay working at home and maybe she's also doing a couple of people's jobs, but I'm not as connected.”
You just be aware and you look and go, “This isn't going to last forever. We'll right-size the business for what we've got going on.” My advice to my children is make yourself...