20 Dec '11, 7am

8 Ways To Adapt Your Business To The New Normal

8 Ways To Adapt Your Business To The New Normal

by Patricia Sigmon, founder and president of LPS Consulting Remember the days when each new sale was welcomed, celebrated, and worn on your sleeve as a badge of honor? You still can have those sales and the feeling of pride that comes with it, but not when every dollar earned is producing an uphill battle to pay off too much debt, too much operating expense, and too much capital outlay. Welcome to 2012 and your “new normal.” It’s time to accept that operating lean and mean will be necessary for the foreseeable future. Your mission statement, your business plan, your 2012 budget – everything needs to set a different bar with different sales and expense expectations that, in essence, represent your new 2012 business. If you’ve held on to that large office waiting for things to pick up, kept an extra car, maintained a larger-than-needed staff, have too many cell phones, etc.,...

Full article: http://www.youngupstarts.com/2011/12/20/8-ways-to-adapt-y...

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