As we all watch our revenues and expenses during this tight economic time it is inevitable that you will have to forecast worst case scenarios in your business and create plans to adjust if worst case becomes reality.
I am still very optimistic that smartly managed businesses can continue to grow at a healthy rate in 2009. I just believe in contingency planning as well.
I think the most important thing is to involve your people in the decision making process. It may take some quick and dirty education about the P&L and how the company runs but ultimately your group will come up with some creative answers you may not think about.
Toward that end, we’ve created a special website:
Log on and share with me the creative ideas you have employed or have heard about other using to control costs, boost margins or increase sales during these times.
And more importantly, what ideas your vendors, customers and employees come up with.
There is too much doom and gloom on the nightly news. Let’s face it, good news doesn’t sell newspapers or airtime – so we’re creating some of our own good news on the web.
Visit our special website:
or e-mail me at: