Emotional Resilience
Emotional Resilience
Brian Boggs
In the 1980s the big issue that advisers faced was Stress, in the 1990s it was getting the work-life balance thing in order. Today emotional resilience
Has replaced both.Enginers use this expression to describe a structures capacity to withstand great tension.
We have observed that the changes that are taking place in the financial services industry are taking a toll on the health of a lot of advisers, who while trying to maintain some stability in their business during the worst global melt down in history now also have to consider a paradigm shift in thinking on how the client will pay them in the future, indeed the value of a boutique advice business is under threat if the payment system to a fee method is not adopted and soon. Some anxiety is in how to make the transition from a traditional commission system
Paid by product manufactures to a fee system paid by the client. An adviser will need to understand the value that they add in a relationship and learn the skills to sell that value.
Dr Jack Singer PhD a clinical psychologist , a regular contributor to the Leading Minds Academy thru his articles and chat show “The Change Agent” says “Emotional Resilience is important in each part of our daily lives””Its a skill set that can be learnt he went on to say “Its all about being able to recognise when you are feeling emotional about making a decision such as should I sell out now? Or stay for when the good times come again?
Or having the tools to put you back into a logical state of mind so that you can rationalise this problem.
It was Mark Twain who said “I’m all for progress, its change I object to “
How to build up your Resilience
Make connections: Take time to build good relationships with others-at work, at home, and beyond- this helps increase emotional strength.
See crises for what they are: Challenges rather than insurmountable problems.
You can’t change what’s happened, but you can control how you will respond to it.
Accept changes: Surrender yourself to the fact that change is part of life and that previous goals may no longer be attainable as a result of adverse factors beyond your control.
Take Action: Do something to achieve goals.
Be Decisive: Dont avoid facing adversity, but confront problems head on and take decisive action to improve the situation or ensure it doesn’t happen again.
Better Yourself: Be active in finding ways to improve yourself and find reasons to have a strong sense of self-worth.
Develop an Ego: Take time to find reasons why you are important and focus energy on developing
Confidence.
Be Hopeful: find the optimistic outlook for even the most devastating event, and learn to see what you want, rather than worrying about what you fear.
Take good care of yourself: Keep yourself healthy, quit smoking, quit drinking, Get fit and maintain a positive frame of mind.
Source: IRIS Consulting
