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PAULO SOSTISSO
PAULO SOSTISSO
PAULO SOSTISSO
PAULO SOSTISSO
For our business to survive in a crisis like this, we will have to adapt to this new
economic reality.
The more strategic you are in this process of adaptation, the greater your
chances of "grabbing" onto new opportunities that arise in this crisis.
PAULO SOSTISSO
That's right!
While most car companies are sitting around looking over lots of unsold
vehicles... Toyota and Honda are selling more cars, dominating the marketing,
and making a killing.
Now, let's bring this back home for you as a teacher of the English language.
How do you think your potential students will react to English courses and
teachers and schools who aren't obsessed with quality like Toyota and Honda
are?
See, right now consumers are holding on tighter than ever to their money.
Schools are trying to get increase sales by promising shorter and shorter
learning times... 1 year, 4 months, or 8 weeks.
But cheap claims and promises arent going to cut it in these tough economic
times
Students are no longer willing to pay to see if they are bluffing.
I like to think of this as an analogy of what happens when you shake a tree full
of fruit. The bad ones are the first to fall.
PAULO SOSTISSO
Remember not to fall into the trap of reducing investments for improving the
quality of your product or marketing.
If you cut into these investments, your product and sales will suffer. And the
outcome could be worse for you and your students.
Some of your investments can be reallocated to take advantage of new
opportunities, and these should never be cut in times of crisis.
Now, going back to how those car companies we mentioned earlier
Toyota is currently investing in the construction of a new plant in Porto Feliz,
So Paulo.
And Honda is investing over $400 million U. S. dollars in the construction of its
second factory in Itirapina, So Paulo.
And they are doing this in the middle of a "crisis."
So, in summary, cut unnecessary costs in your company, but be sure to invest
in the quality of your product and in the satisfaction of your students.
PAULO SOSTISSO
Start thinking about how you can turn the tables to your advantage and what
you can gain from this crisis.
Remember that survivors are simply those who adapt the best to changes!
Those who can't or wont adapt...will eventually die off.
So, don't let the effect of the herd direct the course of your life.
While everyone else is breaking a leg trying to escape the flood, you can be
the guy building boats to sell them.
And keep in mind, that you've been a close friend of constant change ever
since you were born.
So, there is no reason you should start to fear it now.
PAULO SOSTISSO
Let's look at an example here. During a crisis, most companies need to cut
costs. Right?
For many companies, unfortunately this cost cutting involves the dismissal of
many good employees and workers.
However, if we look at the other side of the coin, we could say that many great
professionals are now available for employment by other companies that
need their services.
Since large companies are faced with the need to cut costs, coupled with the
fact that there are more qualified professionals on the market
Which do you think is a better choice?
A. Should large companies hire these qualified professionals to help train
rookies
B. Or continue outsourcing to another company making a profit off
them?
The logical choice would be to hire their own employee to provide the
trainingand totally eliminate the middle man.
Take the example of a large English school that is receiving a large sum of
money, to send in a teacher who gets paid by the hour for teaching 'Incompany' English classes.
Hiring their own teacher would probably be the more cost-effective option for
the HR manager...and would be 'bad' for the English school owner.
Now, notice I used quotation marks when I said that it would be "bad" for the
owner of the English school.
It will only be 'bad' if he refuses to deny the inevitable effects of the crisis and
denies his natural instincts to change.
PAULO SOSTISSO
As long as he refuses to accept that a new hand is being dealt and learn to
better meet the needs of his client...he will suffer and die off because he is
attached to what no longer works.
CONCLUSION
A crisis like this is the time to begin exchanging information with the other
"key players" in the market, unite for the sake of the country and maintain an
above average idealism.
In times like these, I prefer to stay away from pessimism and the effect of
following the herdwhich is caused largely by the spread of bad news about
the economy.
It's time to look up and prepare ourselves for the coming opportunities these
shifts bring.
In summary, 1) invest in improvement and quality of your products, 2)
eliminate unnecessary costs and 3) do not be afraid of the coming changes.
Simply prepare to adapt and look for new opportunities.
To finalize, I would like to mention that there is one other factor that I consider
absolutely crucial for passing unscathed by the crisis.
And that is humility.
If we remain humble, we'll know that our role is simply to serve others and not
to take advantage of them. Those who realize this will invest in the
improvement and quality of their products.
If we remain humble, we will know to be happy with what little we have when
it becomes necessary to cut costs.
If we remain humble, we will realize that our fear of crisis and change is mostly
based on selfishness.
PAULO SOSTISSO
We are all in the same boat together and to overcome this crisis we just need a
bit of humility.
Thanks for reading!
This document was written by Paulo Sostisso for the Facebook Group 'Ensino
de Ingls'. You can follow Paulo on Facebook
The document was translated by David A. Bailey, Jr of http://EXLteachers.com
I hope you enjoy it!
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