Posts Tagged ‘economic slowdown’

Customer Confidence

Consumer Confidence

The consumer confidence index is a macro measure, but for individual companies there is a more important confidence to track. Most of you who read this are probably somewhat familiar with the consumer confidence index that is regularly announced. In essence it attempts to state consumers’ confidence in the economy in light of their Read the rest of this entry »

Share

Be Different

Commonality

There is without a doubt great benefit to having standards by which we operate and behave in both our business and personal lives. Without this nobody knows what to expect out of us. This should be pretty consistent. But there is an unannounced danger as well.

Blindly Following

The picture below reminds me of the story called the Pied Piper of Hamelin. As you will recall in the story the pied piper is hired to use his magic pipe to lead the rats out of the town. When the people refuse to pay him, he uses the same magic pipe to lure their children out of town. While this is just a story, it does illustrate a danger to commonality.

blindly-following

Just like the children in the story, in business and personal life we often automatically, as they say, Read the rest of this entry »

Share

Preparing for an Economic Slowdown

An economic slowdown is one of those topics few like to talk about, including me. Regardless, it is something that every company should be prepared to face. Failure to do so is actually an invitation to significant trouble or worse.

The Business Cycle

If you have been in business any length of time, you are undoubted aware that our economy goes in cycles. There are boom times, times where business is okay but nothing really all that special, and times when you wonder what happened. That’s the reality of business. In fact, some businesses Read the rest of this entry »

Share

Enter your email address:

Delivered by FeedBurner