Without the strength to endure the crisis, one will not see the opportunity within. It is within the process of
endurance that opportunity reveals itself. – Chin-Ning Chu
In these economic times….. How many times have we heard that phrase recently? Quite a few and it isn’t
going to stop soon. Being reminded of the current financial situation personally, nationally and world-wide is
useful. It is important to be informed personally and as a citizen. However dwelling on it by making financial
concerns the focus of your day or shutting down and getting downright cranky won’t help.
Managing financial responses is critical for yourself, your team and your organization. As professor Sigal
Barsade emphasized in the New York Times on October 19, 2008:
“It is very easy to “catch” anxiety through a process known as emotional contagion.”
Individual, managers, organizational leaders, in fact all of us, need to take responsibility to respond with a
focus on responsibility, opportunity, and possibility in order to move through this challenge with grace and
success. This behavior will also shorten the length of the hardships as it calls for building effective teams and
community as we find effective answers.
Healthy responses to your own financial challenge:
1. Start by taking care of yourself, turning to that which nourishes you and provides hope and perspective.
2. Second reach out and help someone who is less fortunate than you. Giving is healing.
3. Express gratitude on a regular basis – at least five times a day, notice what works and comment on it
4. Take stock financially with an intention of acting with creative intention rather than with the plethora of
negatives that are available, such as anger, fear, anxiety, guilt, and so on.
5. Consult with your financial advisor or someone in your life who can help you think things through, put
this challenge in perspective and provide a reality check on your plan of action.
6. Tell yourself the truth. Stay informed and then bring in a healthy dose of optimism and another one of
reality testing. Be insistent on hope without being unrealistic. Your optimism will be more credible for
yourself and others when you include a plausibility check.
7. Take response – ability. Begin developing a plan of action. Pace yourself, give yourself time to
understand, consider options and then act.