The economy of the past few years has created a immense number of obstacles for small business owners. As an advisor to owners & managers across the country, advice on sustaining the current situation grows increasingly difficult, as that advice includes decisions that affect my clients & their employees quality of life. However, I think that advice will pay dividends as our economy changes & begins to grow again in the future.
The current labor pool is deep. From laid off professionals, recently graduated college students & everybody in between & in the ditches. It is from this deep pool of human resources that I counsel my clients to start trolling for human capital that will help to solidify their business foundation & take advantage of the approaching opportunities that are bound to be introduced as this economy restarts.
The deep labor pool offer business owners & managers the chance to capitalize on experienced workers at a discount, providing a key investment opportunity to solidify the business when there is time to properly assault business issues that often get overlooked when business is busy & times are lovely.
Key areas that can be an investment are in customer support, operational efficiencies & product or service quality. The current economic downturn has not slowed the evolution of the consumer, who now makes use of social networking & other technologies to aid in their purchasing decisions. By shoring up your customer support, efficiencies, product & service qualities, you are putting your company in a position to stand out when consumers start purchasing in greater quantities & more often.
In a deep labor pool there's opportunities to "catch & release". These experienced professionals & young new to the workforce educated people are often swimming through the labor pool, willing to help in any way feasible, which in turn pays them & keeps their heads in the business game & ads to their experience. As you engage these workers & solutions are put in to place, your company will benefit from the experience of individuals who normally may not be available to small business in a cost effective way.
The best way to start taking a look at how to make use of the experience of others currently available is to review your current business plan, or in case you don't have write, today's business climate means a business plan is something all small businesses ought to have. One time you have that plan in place, look for where your deficiencies are & look at the way you can fix them using today's labor pool.
Today labor pool won't stay filled with available, lower cost experienced people. Now is the time when experience & planning will best fortify the foundation of businesses. Use the chance to find that experience & prepare your company for the approaching recovery & gain the knowledge that will most assuredly become more pricey & harder to find as the labor pool becomes shallow again in a booming economy.
The current labor pool is deep. From laid off professionals, recently graduated college students & everybody in between & in the ditches. It is from this deep pool of human resources that I counsel my clients to start trolling for human capital that will help to solidify their business foundation & take advantage of the approaching opportunities that are bound to be introduced as this economy restarts.
The deep labor pool offer business owners & managers the chance to capitalize on experienced workers at a discount, providing a key investment opportunity to solidify the business when there is time to properly assault business issues that often get overlooked when business is busy & times are lovely.
Key areas that can be an investment are in customer support, operational efficiencies & product or service quality. The current economic downturn has not slowed the evolution of the consumer, who now makes use of social networking & other technologies to aid in their purchasing decisions. By shoring up your customer support, efficiencies, product & service qualities, you are putting your company in a position to stand out when consumers start purchasing in greater quantities & more often.
In a deep labor pool there's opportunities to "catch & release". These experienced professionals & young new to the workforce educated people are often swimming through the labor pool, willing to help in any way feasible, which in turn pays them & keeps their heads in the business game & ads to their experience. As you engage these workers & solutions are put in to place, your company will benefit from the experience of individuals who normally may not be available to small business in a cost effective way.
The best way to start taking a look at how to make use of the experience of others currently available is to review your current business plan, or in case you don't have write, today's business climate means a business plan is something all small businesses ought to have. One time you have that plan in place, look for where your deficiencies are & look at the way you can fix them using today's labor pool.
Today labor pool won't stay filled with available, lower cost experienced people. Now is the time when experience & planning will best fortify the foundation of businesses. Use the chance to find that experience & prepare your company for the approaching recovery & gain the knowledge that will most assuredly become more pricey & harder to find as the labor pool becomes shallow again in a booming economy.
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