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When the economy rebounds, will your small business be ready ?

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November 24, 2009 at 4:48 pm

 

As we approach the economic rebound – we need to take a close look at our past, current and long term operations.

1     Arrange to upgrade your key employees through education, cross training, performance reviews, mentoring and internal promotions.

2     Develop additional depth in leadership using your key employees.

3     Develop realistic performance expectations, for key positions, before you are required to fill an open position.

4     Insure that your job interviewers have sufficient training, and know how, to address performance management issues, before interviewing new candidates.

5     Insure that your employee benefits are up to industry standards and the levels that you can afford and justify.

6     Bring your policies and procedures books and manuals up to speed on current processes and current thinking.

7     Build your strategic influence network of contacts – including your Accountant, Attorney, Advisors, Technology People and Investors.

8     Insure that you have your supply chain in place, and phase out and replace any vendors that may not be meeting your expectations.

9     Pick up on upgrading customer service and customer satisfaction.

10    Insure that you have your 2010 budget, forecast, and strategic plan in place, now.

 Companies that can ramp up operations, to meet upcoming requirements, will be the companies that survive best in the post recession times.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com

813-938-3608

Thank you,

Peter DeSmidt,

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