Four out of five CEOs of small and medium-sized businesses who were surveyed for an April report by the Institute of Leadership and Management are optimistic about the future - so it is unsurprising that a significant proportion of them also identified a positive outlook as the single most important personal quality in helping them survive recession.
The report, called Delivering in a Downturn, said they want "managers to be confident, optimistic, positive and have a can-do attitude, and believe that there is a strong association between positivity and solution-driven hard workers with a winning mentality - people who are more likely to fight for a company's survival."
Equally, the CEOs highlighted the dangers of pessimism. As the report says, "It paralyses organisational decision-making processes and hinders chances of survival. Optimistic organisations are better positioned to take advantage of opportunities presented during a recession."
So the message is clear - a positive attitude about the future feeds the energy and enthusiasm that enable challenges to be overcome and ambitions to be achieved.
Judith Ellery Head of Employment
Bethan Southcombe Solicitor
This article summarises the law on issues which we believe may be of interest to your business. It is not a comprehensive review of the subjects and accordingly is published without responsibility for loss occasioned to any person(s) acting or refraining from action as a result of information published. This document is provided for information only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.