Opportunities in Every Crisis
I read once that W. Clement Stone, a businessman, philanthropist, and self-help guru, when faced with a crisis or obstacle, would say, “that’s good.” Not the typical response that most of us have in those types of situations. Why was this his response? He was looking for the opportunity in the crisis.
Get Out The Marshmallows
Earlier this year, we had a fire start on one of our compost turners while it was operating. The fire decimated the piece of equipment, which was critical to our operations. Thankfully, no one was injured, and I struggled to see where the opportunity was in this crisis.
It took several months for the investigation to conclude and to process the insurance claim. Finally, our insurance company ruled it a total loss, and we collected the insurance money and went to work rebuilding the compost turner. It turned out that we could repair the turner in-house for much less than we received for the claim.
Our Opportunity
The result of the fire presented us with an opportunity. We had some funds left over from the repairs, and we could have a new roof installed over our administration offices and packing warehouse. But wait, there’s more! We were also able to have some more damaged areas repaired on the remainder of the roof.
The compost turner has been running for several months without any significant issues, and our new roof is holding up to the summer rainstorms. Of course, this is not an ideal opportunity born of most crises. However, I feel fortunate we were able to take advantage of this possibility when it presented itself.
I’ve learned that although it can be challenging to see the good in every crisis, it’s still essential to have a positive attitude and say to yourself, “that’s good.”