TRANSPARENCY IMPORTANCE IN LIFE AND BUSINESS

TRANSPARENCY IMPORTANCE IN LIFE AND BUSINESS

Transparency for me is the basis for trust in doing business with other people.

Going back, one of the ladies I had that talk with, asked me about my thoughts on the matter because I was very firm on it, making a statement that it’s really important. And today, I’ll share with you the things that I’ve shared with them – where after the end of the long discussion they got new perspectives.

I’ll begin by giving you a scenario.

“Let’s say, you lied to your friend John, but here comes Marie who knows the truth, and one day, you discovered that John and Marie are friends What are you gonna do? Will you tell the truth to John or pretend like nothing’s wrong at all?”

That’s entirely up to you – but to tell you something, regardless of the act that you take, you cannot reverse the damage that you’ve done with the lying, you’ve already tarnished your reputation, and with that reputation, how can people know if they can trust you?

The scenario may be simple, but we know how common it is.

Aside from reputation being tarnished, what can it do to you internally?

You’ll be anxious and you’ll always overthink it. You’ll have to be very extra cautious and you’re always scared of something, especially the truth spilling out.

All that are very stressful and we know what too much stress does to our bodies, so it’s not wise to lie from the very beginning.

THE AMOUNT OF ENERGY IT TAKES

All these things also take a lot of energy just to keep track of things.

One lie leads to more lies, and it will just never be over.

Let me share my personal experience about the matter.

When I was new with my business, I got help from various associations from the upstart and got into a co-op with a lady nurse. 

Everything was great! Or at least, looked great on the surface as she had a great business model that we used – except that she had a hidden agenda.

She was never transparent in the beginning as my business partner. She put everything in her name and was just telling me that it was ours, but then I was too blue-eyed to question it.

People around me started questioning some of the things we were doing so I had a hunch that something more was happening. I then confronted her but all I got were additional lies I failed to notice as lies so we continued…

Until I asked the wrong question, or actually, the RIGHT ONE that made her shield crack and blew up on me, even uttered things like I do not know anything about healthcare.

Me? Who’s been a Doctor for decades???? Knows nothing about healthcare??? Pretty sure that’s her way to gaslight in her effort to escape the questions I asked.

Then the 3-month hell started, til I got help from my lawyers to put the company in bankruptcy. We both lost a lot of money and it took me a year of hard work as a Doctor to be able to recover.

THE LESSON

Be aware of what you sign up for, and ask the right questions. Transparency is a MUST.

TRANSPARENCY AND SUCCESS CORRELATION

How does transparency help in business success?

Well, aside from the fact that you’ll be closer to achieving success if you are less stressed…

Imagine running a business without transparency. You can be great at what you do, but the company’s success will never be long-term without it.

Remember, it only takes a single wronged person for a business to fall.

WHAT TO DO WHEN BEING TRANSPARENT IS NOT AN OPTION

Having worked in healthcare as a Doctor for many years… I know that there are just unexpected situations where being completely transparent is hard so I know that it’s not always easy.

It was always a thin line to walk for me. I mean, how do you easily tell your patients about things that you know could really hurt them and their families?

But of course, at the same time, I know better – than holding it off, covering it up, postponing it, or worse, lying about it would just make things worse.

“So you shrug it off, the possibility of hurting them?”

No. But I always search for the best words to tell them. I tell the truth and nothing but the complete truth, but I kind of wrap my words in a nice package so it doesn’t hit them so hard. If possible.

BUSINESS TRANSPARENCY

Transparency in business means offering a clear, honest assessment of what’s going on within one’s work and starts with a simple shift in communication: openness and honesty between everyone involved in the business relationship.

It is also the basis for trust between a firm and its investors, customers, partners, and employees, having its core objective to be always the same: establishing trust and goodwill.

Let’s look at Some examples of what transparency in business can include:

  • With Investors and Shareholders – Investors think about transparency in terms of how readily they can access financial information about a company, including its price levels and audited financial reports. Investors must be able to trust that your organization produces financial reports that are informative, accurate, and independently audited.
  • With Customers – Customers want to see transparency from the businesses where they choose to spend their money. To achieve transparency with its customers, businesses should respond to customer inquiries and feedback in an honest and timely fashion, and increase the accessibility of information about their products and services. Transparency also means admitting to mistakes instead of trying to cover them up, and working to make things right with customers. When executed well, transparency with customers results in elevated brand loyalty, increased sales, and stronger employee satisfaction.
  • In the Supply Chain – Transparency between an organization and its vendors and suppliers is essential for ensuring a productive ongoing relationship. An organization may cease doing business with a supplier who fails to honestly communicate about the sources of its materials or labor. Supply chains are increasingly being scrutinized by governments, consumers, and NGOs who are concerned about the ethical sourcing of labor and materials.
  • With Employees – Transparency with employees is centered around honest, two-way communications between employees of the business and their managers. This can include transparent discussions about business goals and objectives, challenges, employee performance, and other work-related issues.

 

In the end, the primary benefit of business transparency is that it produces trust and goodwill while safeguarding the firm’s reputation among investors, partners, employees, customers, and other stakeholders. In addition to all the above-mentioned, benefits also include:

  • Increasing employee morale
  • Boosting employee engagement and retention
  • Demonstrating stability and encouraging investment
  • Leveraging honest feedback to improve processes and drive results
  • Demonstrating integrity and ethical behavior

Studies show that approximately 9 in 10 individuals (85%) are expected to stick by the company during a brand crunch if it possesses a history of being fully transparent. 

TRANSPARENCY AND INTERNAL INFORMATION

Transparency in business can also mean publicizing a company’s internal information externally which can include:

  • Financial performance
  • Pricing
  • Key processes
  • Hiring practices
  • Diversity and inclusion data

Sharing all of this information keeps companies accountable to their customers and, most importantly, pushes them to follow ethical business practices.

Nowadays, people don’t just buy your product or services — they also buy what you stand for. In Edelman’s 2019 Brand Trust Survey, 81% of survey respondents reported that they “must be able to trust the brand to do what is right” to justify their purchase of the brand’s products or services.

But how exactly do you gain people’s trust, especially when the majority of consumers are skeptical of a lot of brands’ true intentions? A crucial first step to take is to fully commit to transparency. People value transparency because we evolved to trust the people who are honest and despise those who are deceptive. The former could help us survive. The latter could do the very opposite.

Of course, getting duped isn’t as high stakes anymore. But companies that deceive the public can still leave a putrid taste in consumers’ mouths and potentially prompt them to sever their relationship with that brand forever. In fact, 45% of consumers report that a brand that behaves unethically or suffers a controversy will never be able to regain their trust.

In a nutshell, people buy brands — not just products — and practicing transparency helps build their trust and affinity for your company. But this begs the question — what does that actually look like?

As I started off today ALL of these angles – steps – viewpoints cause a lot of stress for everyone involved if we feel we are doing the wrong thing.

Sticking to the truth helps us to stay grounded and be sure we do our best and that will be the best guarantee for less stress in your business

And of course, all these facts and angles can be applied to your personal life too.

This discussion around transparency, around the truth or lying, can be hard to tackle. It is a sensitive subject that can stress you out a lot.

What is right and what is wrong? 

If you do not know where to start or feel hard to do on your own, it’s okay! You can start with little things, such as mastering your stress management as a leader, and then with less stress, the rest will automatically follow.

To transparency in business and life,

Dr.-Annika
HOW DAILY WALK HELPS WITH ANXIETY

HOW DAILY WALK HELPS WITH ANXIETY

I do love mantras like “A walk a day keeps the stress and anxiety away”. They stick in your memory and remind you to take your walk and the reason behind it.

LET’S TACKLE WALKING DEEP

You might be wondering how walking helps with stress and anxiety, and that’s okay. I have been already asked by a lot about this, so I thought of writing my answers here for easier reference.

The answer lies in the connection between body movement and our brains.

LET ME TAKE YOU BACK TO THE PAST

Allow me to bring back the past. At about 200,000 ish years ago, it was the survival of the fittest – and we humans either run or fight if faced with a threat.

When stressed and faced by a threat, our instincts tell us to MOVE – whether MOVE to RUN or MOVE to FIGHT, as long as we MOVE.

Isn’t it brilliant?

ONE MORE PROOF

Think of a moment where you lose a thought, and tried your best to remember while sitting but you couldn’t, and the moment that you moved… you remember the thought effortlessly.

THAT… is what I’m talking about.

EXCESS STRESS HORMONES

Our body releases extra stress hormones like cortisol and adrenaline when we’re stressed.

Our body signals us that something is wrong and that we need to take care of it because if we don’t, it can be dangerous.

DANGERS OF NOT ACTING

Our body suffers physical effects like muscle tension, shallow and rapid breathing, or digestive system discomfort when we’re stressed.

This system is only supposed to kick in for short periods of time, and never longer. If it does… we can be very sick physically and mentally.

MY MISSION

During my many years as a Doctor, I’ve seen the long-term physical and mental issues from stress so I’ve made it my mission to educate and help leaders prevent and manage stress and anxiety at work and at home.

WHY WALKING?

Walking wakes the body up and clears the mind. It’s like we’re rebooting our system like we would on a phone.

It additionally clears the hormones out of our body by using them as energy, and at the same time the brain releases “feel-good” hormones.

HOW LONG DO I NEED TO WALK?

Kickstarting your day with a 30-minute walk is ideal, but even a 5-minute walk around the block that can be done even in the middle of the day can help you keep calm at work.

What’s important is you get up off your butt, and WALK.

HOW OFTEN SHOULD YOU WALK

Daily is ideal so you can make it a part of your day-by-day.

Establishing this as part of your healthy routine is the best as this can help make the rest of your day flow way much easier.

DOES YOUR WALKING NEED TO BE MONITORED?

No. You can of course get yourself a pedometer if you really want to, but honestly, I am a Doctor and I am pro-just enjoy the walk.

WALKING IS A COMMITMENT – FROM YOU TO YOU.

You are not doing this for anybody else but yourself. You take care of you and build up the resilience to face any or all hurdles for the day.

Constant brain fog, big pressure headaches? WALK IT OFF.

A TIP FROM A STRESS MANAGEMENT EXPERT

Being a pioneer in the stress industry, a tip from me is that when you’re really stressed out – admit and accept that YOU NEED A BREAK.

Your brain needs a break, and physical activity’s one of the best tools you can use.

Walking, jumping up and down, stretching, any physical movement reduce stress at the very least.

TREAT WALKING AS YOUR PILL

Take your 30-minute Brisk walk as your first pill for light depression. 

As a Doctor, while it is light, do this and it helps like a first-aid kit.

If you think that your depression is severe, see a Doctor.

CHEATING YOUR BRAIN

You can actually cheat your brain if you can’t find motivation yet. 

If you can’t find yourself “purposely” walking around the block, ditch elevators, escalators, and the nearest parking lot.

See an elevator/escalator? Take the stairs. Doing grocery? Park farther from the entrance!

IT IS A GOOD CARDIO EXERCISE

At the same time, walking is good cardio or moderate aerobic exercise. It is after all physical activity and any physical activity or movement improves health.

You know what they say… 

“Use them or lose them.”

And if we’re gonna apply that to muscles and joints, I’d rather use them.

Now, one would sometimes say…

“I’m too busy, I don’t have that luxury of time or that 30 minutes to spend just walking.”

I understand.

But I also happen to know that most people instead of walking choose to drive the car even if the distance is not really that far. And that most people also would run to fit in that elevator rather than taking the stairs.

So really, you don’t have the time – fine… But at least choose the better options and remember that it’s a great exercise.

“But I really hate walking. I’d rather do other things than walk because I just happen to hate outside if it’s not for an errand. And I can’t do that walk inside my house, there’s not enough space.”

Sure, again, I do understand. Not all people like the outside world anyway.

But I also know that every step or movement counts. Which means…

Any physical activity, even just doing the house chores is good for your health. 

All forms of physical movement are good for blood pressure, lungs, heart, cholesterol, and blood sugar levels.

MOVING IS A WONDER MEDICINE

During this pandemic, we are all encouraged to do social distancing but, of course, we all know at the same time that we can’t just ignore our health…

Taking daily walks, brisk walks, jogging, running, or just doing the house chores and using what we have at home such as stairs for our daily exercises helps.

No matter what type of exercise we do as long as we do it, we’ll be okay.

On the other hand, if you feel like you first need to relax before exercising and need a quiet time before moving, here’s something helpful you can read while doing do.

Sincerely rooting for you,

Dr.-Annika
Ask the Lonely: Executives and Loneliness

Ask the Lonely: Executives and Loneliness

Loneliness is often overlooked in the corporate world, yet it affects countless leaders at the top. Ask the lonely, and they’ll tell you – the higher you climb, the lonelier it gets. Despite leading teams and making crucial decisions, many executives experience a profound sense of isolation.

Research suggests that this loneliness isn’t just an emotional burden; it has serious health implications and can impact leadership effectiveness.

Ask the Lonely, And You’ll Know The True Cost of Isolation in Leadership

Executives and CEOs often bear the weight of responsibility alone. The pressure to make tough decisions, maintain composure, and project confidence can create an invisible barrier between leaders and their teams. According to studies, chronic loneliness can increase stress levels, weaken the immune system, and even shorten lifespan.

The Science Behind Loneliness and Stress

Loneliness isn’t just a feeling—it’s a biological response. The body perceives social isolation as a threat, triggering the fight-or-flight response. This activates the sympathetic nervous system, increasing cortisol levels and putting executives at risk of burnout, anxiety, and heart disease. Studies show that prolonged loneliness can be as harmful as smoking 15 cigarettes a day.

How Loneliness Affects Your Leadership Decision-Making

Loneliness alters cognitive function, making executives more risk-averse and less innovative. Neuroscientific research indicates that prolonged isolation changes brain activity, leading to heightened sensitivity to perceived threats. This can result in defensive leadership styles, decreased collaboration, and difficulty fostering trust within teams.

Ask the Lonely: How Can Leaders Overcome Isolation?

The good news? Loneliness is not a permanent condition. Executives can take proactive steps to reconnect and enhance their well-being.

1. Build a Trusted Inner Circle

Surround yourself with mentors, advisors, or executive peer groups. Sharing experiences with those who understand the pressures of leadership can reduce isolation and provide valuable insights.

2. Prioritize Work-Life Balance

High-achieving leaders often neglect personal relationships in pursuit of success. Scheduling time for family, friends, and hobbies is crucial for maintaining mental and emotional health.

3. Leverage Professional Networks

Joining industry groups, attending conferences, and engaging in leadership forums can foster connections and reduce feelings of professional isolation.

4. Seek Executive Coaching or Therapy

Speaking with a professional can help executives navigate stress, improve emotional intelligence, and develop strategies to combat loneliness.

Ask the Lonely: A Call to Connection

Loneliness in leadership is real, but it doesn’t have to be inevitable. Ask the lonely, and they’ll confirm that isolation is a challenge – but one that can be overcome with the right strategies. Prioritizing relationships, emotional well-being, and open communication can transform leadership experiences, improving both personal and professional success.

If you like to learn more leadership stress management strategies, access my free eBook ‘Leadership With Less Stress’.

Dr.-Annika
Stay In the PRESENT: Do Not Look Back!

Stay In the PRESENT: Do Not Look Back!

Why is it important to stay in the present and not look back?

Last week, I posted about stress in the middle of family time and one of the things I mentioned was about the memories from the past, and the no-good it brings.

Sure, while it’s fun to reminisce and all because good memories are always to treasure, you must remember to stay in those good memories and refrain from remembering the bad, and NEVER the “what ifs”. NEVER REGRET.

Why am I saying this?

MAJOR TURNING POINTS IN LIFE

When you are at a turning point in life – like the New Year celebration coming up every year – you always want to look back to see how it was before.

This does not only apply to New Year. It also works for any changes like changing schools, changing work, changing relationships, changing homes, or just about any turning point in life. You always want to look back and see what happened..

That is not a good practice, as this is where comparisons are done… This is where what-ifs are done.

REFLECT ON THE PRESENT AND NOT ON THE PAST

What we really need is to reflect on the present so we can make use of it to plan our future and be happy and successful.

“But I look in the past to use it as an inspiration that if that didn’t happen I wouldn’t be where I am right now.”

That is great! 

However, generally, not everyone can do that as our brains are naturally wired for the negatives, set to focus on them to avoid dangers, like a survival instinct – to see the enemy before they see you.

Remember my post about surviving in savannah 200000ish years ago and how our biology didn’t change much but only the world? That’s it.

LESSONS, NOT EMOTIONS

So for looking back, thoughts must be controlled with all of the willpower that you have. Always remember to only get the lessons, but never get back on the emotions.

Once you have the lessons, use them in the now, and you can also start to look forward. What do you want? And although it’s not always obvious what we want, we still can as we always have a vague idea of what it could be.

What only stops most people is the fear – fear of the unknown, fear of failure. 

The uncertainty is always huge so fear shows up in all its glory, but as most risk-takers have said, “You really wouldn’t know unless you try”. right?

GET OUT OF YOUR COMFORT ZONE

Getting out of your comfort zone is where you grow, and the trick to get by your thoughts is always to stay in the now.

Be in this moment right here, as both the past and the future are just thoughts in your mind.

You cannot get back to the past, and the future has not yet happened – enjoy the process and see where it will take you.

There is no shortcut to success. Behind it is multiple times of failure, it’s just a matter of letting it win over you or trying again.

WHAT IS YOUR GOAL?

The key is…

TO HAVE A GOAL AND TO WORK ON IT EVERY DAY.

Once you have a goal, once you’ve found your purpose and your practice working on them every day…

They will become habits that you do not mind doing every day and one day, you’ll just be shocked that from the bottom you’ve now reached the top!

Set a goal outside of your comfort zone and watch yourself slowly grow…

BABY STEPS MATTER

And if your goal seems hard to achieve, remember that BABY STEPS MATTER. If you are patient and consistently work on your goal and just enjoy the process, you’ll be there without you even realizing it.

You can start with 5 first action points, and the rest will show up as you go along.

When something is into your subconscious already, your mind makes you act on it. 

So, keep it at this base – TODAY – and take small steps.

To your success and keep smiling,

Dr.-Annika
Taking a Step Back: Your Guide to Gaining Clarity

Taking a Step Back: Your Guide to Gaining Clarity

In the high-paced world of executive leadership, taking a step back may seem counterproductive, even like falling behind. Yet, stepping back is often the most strategic move you can make to regain clarity, reduce stress, and align your actions with your long-term vision.

Why Taking a Step Back Matters for Leaders

Leadership comes with relentless pressure: meeting deadlines, managing teams, and constantly staying ahead. However, the concept of taking a deliberate pause isn’t about slowing down but recalibrating.

I recently experienced this firsthand. After months of preparing for an international event, I faced unexpected complications—health waivers, pandemic risks, and a long list of logistical headaches. Initially, I ignored my gut feeling that something wasn’t right. But as the date approached, I chose to step back and evaluate. Why was I going? Was it worth the risk, time, and energy? The decision to cancel wasn’t easy but ultimately brought immense relief and clarity.

For executives, stepping back allows you to:

  • See the bigger picture and reassess priorities.
  • Reduce burnout by aligning actions with what truly matters.
  • Make well-informed decisions instead of reactive ones.

The Power of a Pros-and-Cons List

One practical method I use to make tough decisions is creating a pros-and-cons list. Writing things down provides a tangible way to weigh your options. Often, your gut instinct surfaces even before you finish.

Ask yourself:

  • What’s the worst-case scenario if I don’t proceed?
  • How does this decision align with my personal and professional goals?
  • Will this decision relieve or add to my stress?

By stepping back and reflecting, I avoided a costly trip that would have left me drained, both emotionally and financially. Instead, I gained time to focus on meaningful tasks that moved my goals forward.

Lessons from Stepping Back

  1. Don’t Cling to Commitments: Circumstances change, and clinging to outdated plans often leads to unnecessary stress. Reassess your commitments regularly and let go of those that no longer serve your goals.
  2. Stop Worrying About Perceptions: Many leaders hesitate to step back, fearing judgment from colleagues or clients. The reality? Most people are focused on their own priorities. Trust your decision-making process and focus on outcomes, not opinions.

Tips for Executives: When to Take a Step Back

  • Identify Triggers: If you’re feeling overwhelmed, frustrated, or stuck in a decision loop, it may be time to pause.
  • Seek Clarity: Write down your options, consult with trusted mentors, or discuss with your team.
  • Trust Your Gut: Often, the right decision becomes clear once you remove external noise and focus inward.

Moving Forward After Taking a Step Back

After taking a step back, resist the urge to second-guess your decision. Commit fully to your choice and channel your energy into the present. Remember, you can always adjust your course as new information becomes available.

Taking a step back isn’t a sign of weakness—it’s a powerful strategy for sustainable success. By embracing this mindset, you can lead with greater clarity, resilience, and focus.

To your success—and keep smiling! If you’re looking for guidance on managing stress or making impactful decisions, check out my free eBook here.

What’s your experience with stepping back? Share in the comments—I’d love to hear your story!