It's that time again...and especially challenging with the financial market in turmoil and the importance of November Presidential elections and the implications for small to medium size business owners. We will be spending time working on our Reflections from 2007 and the your Outlook for 2008 and beyond rough drafts.
1. Several of you are finishing up your performance appraisals in October.
2. Hunter Lott is a very knowledgeable resource to those of you updating your employee manuals. Bring it with you on the 15th.
3. What isn't working right in your organization?
4. if you are having revenue issues, keep focusing on cash on hand.
5. Those of you with 15 to 20% or more growth targets, consider developing a best, good and worst case scenario as you go into 2009.
Our economist is suggesting tough times for most of 2009 and a large part of 2010. Don't take my word for it, just look at the market direction and the world attitude. There is always a silver lining in times like this.
1. If you have the cash, look for new markets for your products or services.
2. How well do you know your competitors? Are their children going to run the business? Is it time to talk to them about a succession plan? You buying them!
Ed Stillman
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