• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Preparing for Economic Changes: Mindset Makes a Difference

September 24, 2020 / By Barbara Weltman

Preparing for Economic Changes Mindset Makes a DifferenceSmall business owners have been through a lot in the past months. Many have seen substantial declines in revenues, some have had to pivot their business models, and unfortunately, some have already gone under. But if history has taught us anything, times change and businesses find ways to come back; entrepreneurs find ways to start up again. Success in these endeavors depends in part on the mindset of the business owner.

How business owners are feeling now

It’s unfortunate that many business owners aren’t feeling too good right now. According to a recent report from Xero, more than half (57%) of small business owners have increasing concerns about their mental health. The feeling of being “worn down” is prevalent.

Owners’ mindsets include feeling uneasy, anxious, confused, and having a sense of loss. Whether this changes soon depends on external factors—new government assistance programs, easing of government restrictions, a vaccine—and a big internal factor—the owners’ mindset.

How to stay positive

There are numerous scholarly articles and popular blogs on how to stay positive. It may be helpful to remind yourself of some of the key actions you can take to improve your mindset and maintain positivity.

Here are 10 ideas collected from these sources to help you have a positive mindset. You may be familiar with some or all of them but it doesn’t hurt to be reminded.

  1. Look at problems as opportunities. Many businesses have turned the pandemic into a plus in how they manage their budget, their employees, and their business goals.
  2. Don’t look back. Prior to the pandemic, many businesses had been on track for impressive growth. COVID-19 and government restrictions that ensued curtailed the potential economic success that had been anticipated. Forget it. Things happen. Move on.
  3. Enjoy the moment. Like most small business owners, you probably like what you’re doing or you wouldn’t be doing it. The work itself is a joy; don’t forget it.
  4. Keep moving forward. Set new goals and work toward them. The process itself supports positivity.
  5. Ditch the blame. If you listen to the media on just about any subject, there’s always someone or something being blamed for the situation. It’s all too easy to sink into the blame game. It doesn’t help positivity so don’t do it.
  6. Surround yourself with positive people. Limit your interactions with people who enjoy complaining.
  7. Express gratitude. Whatever has happened to your business, likely there are bright spots to celebrate. Do it.
  8. Laugh. Mark Twain said “comedy is tragedy plus time,” meaning comedy is born from tragedy. If times are tough for you, don’t forget to laugh now and then. You’ll feel better.
  9. Exercise. It’s well known that exercise relieves stress and anxiety. Whether you can visit a gym (local restrictions permitting) or just take a walk, the activity can have a positive impact on your mindset.
  10. Get help. If you’re experiencing trouble staying positive and perhaps are experiencing anxiety or other mental health issues, don’t hesitate to seek professional help. The sooner you address the issues, the quicker you can resolve them.

Final thought

In the words of Ralph Waldo Emerson:

“The voyage of the best ship is a zigzag line of a hundred tacks. See the line from a sufficient distance, and it straightens itself to the average tendency. Your genuine action will explain itself, and will explain your other genuine actions. Your conformity explains nothing. Act singly, and what you have already done singly will justify you now. Greatness appeals to the future.”

Keep looking ahead!

Tags mindset mindset makes a difference preparing for economic changes small business owners stay positive

Primary Sidebar

Categories

  • General Business (506)
  • Guest Blog (115)
  • Homepage (29)
  • Small Business (1,009)
  • SMB Financial (330)
  • SMB Legal (67)
  • SMB Taxes (328)

Barbara’s Recent Posts

  • Your Tax on Business Profits under the One Big Beautiful Bill July 15, 2025
  • How to Choose the Right Promotional Product Distributor July 11, 2025
  • Is Christmas in July for Your Small Business? July 10, 2025
  • How to Streamline Recruitment and Selection to Enhance Hiring Results July 9, 2025
  • One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses July 8, 2025
  • What the U.S. Supreme Court Told Small Businesses in This Term: Part 1 July 3, 2025
  • Mid-Year Business Planning for 2025 July 1, 2025
  • 10 Ideas for Coping with Cash Flow Challenges June 26, 2025
  • 5 Insurance Traps to Avoid June 24, 2025
  • Creating a Feng Shui Office Layout for Your Business June 20, 2025
  • Scaling Your Business by Optimizing Social Media Marketing June 19, 2025
  • The Timeless Value of Business Cards in a Digital World June 18, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
Fiverr Pro
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

[email protected]

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 14

EntertainHR: Mission Possible—Keeping Employees Safe in Every Workplace - HR Daily Advisor https://bit.ly/3ZGiHgR #smallbusiness #safetyatwork #workplace #safe

Reply on Twitter 1944888439905591796 Retweet on Twitter 1944888439905591796 Like on Twitter 1944888439905591796 Twitter 1944888439905591796
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 14

This Common HSA Mistake Could Cost You Thousands of Dollars https://bit.ly/43ZPO1X

Reply on Twitter 1944842642124116361 Retweet on Twitter 1944842642124116361 Like on Twitter 1944842642124116361 Twitter 1944842642124116361
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
July 14

One Big Beautiful Bill: Checklist of Tax Changes for Small Businesses - #Smallbusiness needs to know what’s in the new law and take action https://bit.ly/44rK6EI #newlaw #legislation #taxes #taxchanges

Reply on Twitter 1944804373948698952 Retweet on Twitter 1944804373948698952 1 Like on Twitter 1944804373948698952 1 Twitter 1944804373948698952
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap