The Fed keeps all of us on the edge of our seat with interest rates. Will they continue to hike them as they say they will? Will inflation continue to spiral out of control? Will demand from consumers remain constant or shrivel up in recession? Mortgage applications hit a 22-year low this month. These and many other issues plague the business, and the unknown has led many to fear the worse. How can we ever keep up with the changes that are headed our way at breakneck speeds? What can we do?
It turns out that in times of massive change and unpredictability there is one thing that we can rely on time and time again. And that is creativity to spark innovation. A crisis is a terrible thing to waste, and in times of hardship, creativity and innovation can thrive. One creative idea you can use to help navigate the current landscape and turn adversity into opportunity is to foster a mentorship.
There is some benefit an experienced mentor can bring to help navigate the current climate. Mentors have seen it all before and can offer historical context. They have ridden out lean times and can share some tips and tricks. They have a long-term view which may come in handy.