The Road to Resilience
Running a business can be extremely rewarding, but success often comes with a bumpy road. We commissioned research to measure resilience in small business owners & get their insights and advice for bouncing back after adversity.
Things have been tougher than usual for Australian businesses recently – from drought, to fire, and a global pandemic. Rather than shying away from the tough stuff, we believe Australia needs to talk about the importance of resilience and its role in small business success. We hope this research will spark a national conversation about resilience and help small business owners find ways to further develop resilience and empower themselves for success.
Reckon Resilience Report
The research measured levels of resilience in small business leaders, asking them about their biggest sources of hardship and how they developed resilience. Here are the findings, tips and advice for developing resilience and ensure you and your business can bounce back from hard times.
Small business & bouncing back
Being able to bounce back and recover from stress is important to everyone, but it is even more important when it can make or break your business. See how these small business owners met their challenges head on and were able to achieve success after hardship.
Breanna - Parkes Dance Co
A severe storm forced her dance studio to close, less than a year later COVID-19 shut her doors again. Despite the hurdles, Breanna has found a way to adapt. Read her story >
Phillip – Pyree Civil Contracting
The bushfires were a huge blow to Phillip’s business. As the recovery begun, COVID-19 hit. He’s faced it all this year, but Phillip’s resilience kept his business alive. Read his story >
Resilience through resources
Using the right tools and resources to succeed are the hallmarks of the most resilient small business owners. Understanding your cash flow or having compliant payroll software makes it easier to access subsidies, retain staff and plan for the future.
Where: 1.00-2.99 Is Low Resilience, 3.00-4.30 is Normal Resilience and 4.31-5.00 is High Resilience
The brief resilience scale: assessing the ability to bounce back. International journal of behavioral medicine, 15(3), 194-200.
Tip & advice for building resilience
Resilience is a skill and – like any skill – it can be learned and improved. So what steps are Australia’s small business leaders taking to learn resilience? Take a look at our blogs for tips & advice.