Why Entrepreneurs Should Develop an Agile Mindset

Although COVID-19 is unlike anything we have experienced before, having to deal with challenges, setbacks, and uncertainties is nothing new to most business owners. When faced with adversity and difficult times, entrepreneurs are often resilient and determined to succeed. But the ones who are truly successful are those entrepreneurs who possess an agile mindset. They are the ones who discover new opportunities for change and growth in the midst of a crisis.

What is an Agile Mindset?

The agile mindset stems from the Agile Manifesto created in the early 2000’s. Originally begun as a document outlining principles for software development, the values of the Agile Manifesto quickly spread to the business world. The principles have now become a widely popular mindset approach that helps businesses across all industries adapt to change, adjust, and evolve for the future.

Here are some of the most important principles behind an agile mindset in business:

Make Quick Decisions

Companies have been forced to adapt on the fly ever since the beginning of the pandemic. Many agile leaders are streamlining processes and eliminating bureaucratic red tape that was in place before COVID-19. Giving your team members the authority to make quick judgement calls and decisions in the moment allows for faster problem solving and better productivity.

Continually Learn and Improve

Nothing in business is a “set it and forget it” approach. When you adopt an agile mindset, you should continually be observing, learning from experience, and applying that knowledge to improve your business. An agile person never stops looking for ways to improve.

Innovate

Instead of making excuses, agile entrepreneurs make things happen. During the pandemic, they embraced change and responded to it by finding new ways to serve their customers. Realizing that the way they’ve always done things wouldn’t work during the COVID-19 pandemic, they adapted and created new opportunities for their businesses.

Embrace Your failures

Agile thinkers see failures as opportunities. They don’t shy away from them. Instead of letting it get to them or taking it personally, they fully embrace the failure as a chance to learn.

Having an agile mindset during times of challenge will help you overcome adversity and be prepared to handle the unexpected.

SBG Funding is dedicated to providing unparalleled support and in-depth financial proficiency to help you make the best decision for your business’s future. For more information on how SBG Funding can help your business during these unprecedented times, visit our website or apply here.

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