Kip Lewis is the founder of Lewis Investment. It is a real estate investment and development company based in Round Rock, Texas. The founder of Lewis investment started with $2,000. Kip has a portfolio of both industrial, retail and residential raw developments. Kip Lewis studied at the Texas University. He is passionate about the restoration of Round Rock area. The seasoned entrepreneur in Austin has some lessons fit for any business during the pandemic and beyond.
- Flexibility is key
Businesses that have been agile and quickly change have been able to survive. Every business should be willing to see opportunities and shifts, realizing that sometimes plans may shift. It is vital for any business to adapt to change instead of following a plan when circumstances play out.
- Take care of your people
Lewis encourages business leaders on the importance of rewarding their employees. The physical and mental well-being of the employees is critical for the success of the business. Employees who are burnt out mentally may not stick around for some time.
- Learn to do more with less
Many companies have been surprised with how much they can do with a less budget. There are many opportunities available for cutting costs, and employees can be valuable in helping out in cutting costs. With the future unpredictable, it is wise to cut down on costs. Doing more with fewer resources helps a company to save for emergencies.
- Invest in technology
A considerable number of individuals have been reliant on technology during this time. With this in mind, Lewis points out it is vital to know which technology is needed and how to use it. It is vital to keep the staff up to date with the latest technology used.
- Communication and continuity matter
In difficult times business leaders need to communicate and maintain normalcy. If the business leader’s communication is unclear, the employees will be confused and unsupported. It is vital to lead with clear empathetic communication to make your employees feel valued. Whether working remotely or from the office, it is critical for them to continue with the company culture and processes.
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