As the headlines on the Wall Street Journal and business magazines continue to lament the economy, businesses are re-thinking their business plans and searching for opportunities to increase profitability and cash flow. In my experience, the ones who will be successful in proactively managing through these uncertain economic times [...]
During tough economic times, skills development is critical. As jobs are tougher to find, those candidates embracing continual learning and skills development will have a leg up on the competition. Read voraciously - read a few of the bestseller business books and/or ask your mentors and colleagues for recommended [...]
In today's economic turbulence and with the increased stress in both business and personal environments, networking and personal relationships are even more critical to success. It's not about #s - remember, networking is not about numbers; it is about the value of real relationships. Trust - there is nothing [...]
Recently, I've seen an opportunity jump out at me, and I thought, "Bummer, I committed to writing about managing cash part two", so instead I decided to highlight this opportunity in this section. Why is it an opportunity to retain and find top talent today/ now? Take advantage of [...]
In today's economy, it is my contention that relationships and community are elevated in importance. You are not as effective alone as you are brainstorming with a trusted friend, advisor or team. Fail - this sounds outrageous; however, I have never seen a highly successful person that hasn't failed. [...]
Keeping in the life balance theme, I thought financial planning might be a good idea especially in the midst of the current economic turmoil. Plan - identical to business, start with a plan. It doesn't have to be complex. Where are you now? Where do you want to be? [...]
As it so happens that I've recently experienced a stockpile of travels, vacations, birthday celebrations and life experiences such as attending my nephew's piano recital, I imagine you'd suspect my answer is YES! It's quite normal for people to work harder and longer in recessions - after all, everyone [...]
It is interesting what can be learned from children. They can be more insightful than Executives at times…..perhaps it's a different viewpoint, similar to leveraging the transferability of best practices. Can you explain it so that your 5th grader can understand it? It sounds insane but effective and clear [...]
Not only is marketing essential during the recession, it will remain so during the "new normal". Be one of the few to stand out in the crowd and leapfrog the competition by focusing on marketing. Sales and marketing are not identical: Often, I hear confusion about this topic. Marketing [...]
I've noticed that during the "new normal", there are countless numbers of priorities, and everyone is struggling with how to effectively manage time. Therefore, I've decided to focus this month's tips on this subject. Rigorous prioritization: My favorite! It sounds easier than it is in the midst of daily [...]
