Friday, January 1, 2010

New Year's Resolution - Be More Efficient and Productive

Happy New Year!   A business publication noted this morning privately held companies of less than 500 employees employ half of the American workforce.  It said their clients were paying slower, and there may be more belt-tightening.  With that in mind, employees and business owners alike need to adopt an even more acute laser focus in 2010 to maintain client retention and satisfaction.   Everyone on the team has a vested interested in the company's continued success.   I remember quite well the tech bust in 2001, the real estate problems in the 80s, and the inflation issues of the 70s.  In each instant, small business represented the backbone of society, and the recovery rode on their shoulders.   But it won't be easy.  The excesses of the 2000s have left many disillusioned and unprepared.   I submit a simple recalibration and committed focus on your core business competencies, coupled with an eye on expenses (I wouldn't cut back on client entertainment), will lead to leaner, more productive business activity in 2010.  This will lead the recovery.   When small companies are more flush with cash, they'll start hiring again, and taking on more risk.   Have a great 2010!

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