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Wednesday, August 10, 2011

Managing fear in business

If you do something you have a certain probability that things go wrong. If you drive a car - anything - between engine breakdown and death of many people (including yourself) can happen. If you lead a company anything can happen - the company can go bancrupt within months - or can adapt and succeed and make you super - rich.

Intuitively we accept that - but fear follows us wherever we are. Sometimes this is justified - sometimes not. Fear is especially cumbersome in situations that do not deal with death and life threats.

For instance?

For instance a critical company decision. Or a talk in front of many many people. Or or or.

If you encounter such a non-lethal situation and your body answers with fear / sweat - try the following:

1. Exercise tactical breathing: Take a deep breath for 4 seconds. Hold you breath for 4 seconds. Breath out for 4 secs. Hold your breath for 4 secs. Repeat that cycle 4 times. This will calm you down immediately. SWAT teams use it - you can use it, too.

2. If your brain goes nuts - ask yourself: What's the worst thing that can happen.
In case of a critical company decision: Imagine your decision is "wrong". A lot of people will lose their job. Some people will dislike you. But. Is that really a problem? If you trained your people well they will find a job - for sure. If you lead a company you already have a lot of skills and will find a new job. At first social punishment might be immense - but that is only temporary. At the end nothing happens. Even better - if your company was not competitive it's the normal way in our society that it will be replaced. Analyse why it was not competitive and start all over again. It's a challenge and everybody will profit that way.

Summary:
Feeling fear or anxiety is super-normal if you take responsibility. Use tactical breathing and convince yourself that this is non-lethal. Even if things go really bad - it is not that bad at all :)