As the majority of companies are searching for ways to cut costs and pinch pennies due to the sagging economy, it is time to step outside the crowd. Instead of reducing headcount, finding ways to combine roles so that one person will do the job of two (or more), [...]
As the global economy is in turmoil, almost all businesses are thinking about how to succeed during this turmoil. In some cases, businesses are struggling to survive and in need of turnaround strategies. In other cases, the business is achieving targets but concerned about future growth. Or, the business [...]
No day passes by without all the news media reporting on the economic crisis and its effects on businesses, employees and the long term effects on the economy. There is no doubt that these constant negative reports can lead to increased stress and panic in the workplace - neither [...]
2008 has been a challenging year for most people and businesses, so here are a few tips to ensure 2009 is a success. Consider last minute tax strategies - this is always a smart business and personal consideration, as there is often times a significant amount of potential savings [...]
Not only do I continue to see more evidence of the "new normal" business environment discussed in last month's issue but, in my discussions with clients and service providers, it's apparent that embracing and understanding how to thrive in the new normal is critical to success. As a reminder, [...]
The business environment has changed and will not "return to normal"; instead, a "new normal" is emerging. The U.S. and the world economy have been in a recession for at least a year, and the media is starting to discuss a slow recovery. Whether the recovery is weak or [...]
There is an immense amount of worrisome facts, figures and stories reported on the news every day. To make matters worse, now that we are connected 24/7 with cell phones, iPods, Facebook, TV, email alerts, etc, there is no escaping - even on vacation. In watching businesses, leaders, friends [...]
The recession continues to seemingly worsen by the day. Businesses are cutting back. Employees are fearful. Foreclosures are rising. And the cycle continues. So, what is a manager or business to do to break this cycle? Minimize Complexity: One of the keys to success is to minimize unnecessary complexity. [...]
In today's economic and business environment, cash is king. The critical importance of cash in businesses continues to rise. One just has to read the news to see cash highlighted on a daily basis in relation to several high profile companies - GM, Chrysler, MGM Mirage, GE Capital etc. [...]
Businesses continue to cut back as the economy continues to worsen - seemingly every day. Cutting costs in a reasonable and smart manner is required; however, cost cutting alone rarely achieves success. As one of my mentors used to say, the best problem to have is a cost problem [...]
