Is Your Company Positioned For Success?
While big corporations stand in line for government bailout money, who’s helping the small or independent business owners? The family entrepreneurs who are seeing their life’s work crumble with each passing day?
What problems are they experiencing?
• Idle service trucks?
• Empty seats in a restaurant?
• Lower sales?
• Dead inventory?
The scene seems to get uglier by the day. More and more businesses closing their doors, laying off employees, having trouble meeting payroll, even paying rent and servicing their debt.
For a small or independent business to survive in these trying times, it must consider some changes - - some may be pretty radical.
Let’s look at an important sports analogy.
The home team is holding their own, they’re only down by two touchdowns. As the clock dwindles down in the last few minutes of the first half, they fumble and the opponents run it back for a touchdown. As a player, your stomach drops and you find your chin buried in your chest or hands. The whistle blows and its off to the locker room at the half. Your depressed and probably think the world is coming to an end.
What we learn as sports fans is something very important happens in the locker room at half time. A great coach talks to his players about the obstacles they faced earlier. He helps them understand what went wrong and lays out the adjustments needed in the 2nd half. The team is reminded the game is not over until the final whistle blows.
How many losing teams have we seen with their backs against the wall that overcame amazing odds? Got their game back on track and put a win on the wall in the late stages?
Don’t fire the entire offensive and defensive line, just make a few tactical adjustments.
What is the business lesson to be learned from this? Don’t give up or throw in the towel. Try to persevere by looking at your business from a different perspective. Don’t be afraid to make some practical changes to how you do business, and please seek professional advice and counsel on difficult situations.