Growing Your Business in the Recession
Arizona economists are predicting that our state will lag significantly behind the national rebound from the recession. While some business people may choose to be patient and wait for local conditions to improve, others are weighing their options.
Some companies are considering exploring greener pastures,expanding or revising their product and service offerings or making wholesale changes to their business in order to recapture revenue streams.
As you re-examine the economic landscape and plan your business strategy for 2010, what new or revised directions are you considering for your business?
Replies can be posted on this blogsite or you can reply privately to: http://www.od-consulting.com/content/contactus.html.Replies to the OD-Consulting website will be summarized and posted on this blogsite next week.
“Every time we've moved ahead in IBM, it was because someone was willing to take a chance, put his head on the block, and try something new.”
- T. J. Watson, Jr.
Categories: Strategic Planning
Tags: Finance and economics Strategic Planning Recession
A recent study, "Young Businesses Are Critical to U.S. Job Creation", Report Finds, conducted by the Kaufman foundation, found that young companies between 3 to 5 years of age are responsible for generating the greatest number of new jobs. Looking toward these young companies for the source of their inspiration and investment focus could be a direction to turn before "leaving town". They have surveyed the landscape, executed business plans and and found a niche in today's marketplace. Retooling, relearning and partnering with this segment is worth considering.
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