After the worst bank failure of all time and quickly followed by the second, very little people would argue that we are not in a recession. Some even say the beginning of a depression.
Well, I've been thru them before and I've studied companies that have come out of a recession a winner. With crisis' there is great opportunity.
So here is my top 10 list of the best strategies to do in a recession. These will keep you fresh and ahead of the pack. Innovation is the key to performance, growth and valuation.
1. Hire talent. Some companies are laying off really good people because they are simply getting rid of paychecks. Snatch these talented people up. Talent is the single most important variable in innovation.
2. Increase your risk. I know you think I'm crazy, but with many companies going out of business a business that is too conservation will join the masses and go out of business itself. Don't be conservative. Fight your instinct to be conservation. Be bold or die.
3. Increase New Product Development. You need new products and services to grow. Don't stop this. While other companies are stopping product development you'll be coming out with cool new stuff and have a bigger share of the market. With fewer offerings in the marketplace you'll attract more clients.
4. Increase your technology. Spend money on your business automation. Streamline your business operations with Information Technology. Social networking requires a larger conversation with your clients. Use Information Technology to get more done with less human resources. We can help you get the tools and processes to streamline your business.
5. Go global. Just because there is a recession where you live doesn't mean that it is worldwide. Other markets are doing better. Emerging markets bring in new revenue, talent and business models. Get out there and spread yourself around the world. With technology today it is easy to be everywhere.
6. Innovation as key strategy. While other companies are replacing their key strategy of innovation with cost cutting, you will be innovating. It's hard to turn back on innovation once growth returns so don't do it. Keep innovation your key strategy. Changing investment strategies when the economy changes means the company is doing something fundamentally wrong.
7. Keep your performance metrics. Many companies change how they evaluate projects for risk during a recession. Keep your metrics the same. Changing them will increase risk-averse behavior and this is again hard to change back.
8. Go flat. Don't change to a command management model. You need fast decisions making and you need your talent to feel included in the decision making process. Becoming a dictator will alienate everyone. Keep your company in a flat collaborative model where innovation can live.
9. Keep your growth oriented people. Don't replace them with cost cutting people that will cut your company to shreds. Since most recessions last a short while the cost cutting people will be around once growth returns and they won't know how to grow. Keep and attract people that can help you grow. Grow while everyone else is shrinking. Get that market share when it is easy.
10. Bring in outside talent. Don't wall yourself in. Cutting out consultants can save money quickly but bringing in outside people increases innovation. If you are not open to outside consultants and their innovative ideas it will help your competitive position. I'm available for outside consulting and can help you increase your innovation.
Keep learning don't cut back on learning. If you cut back then it will create huge gaps in your capabilities. Your people will leave because they are not being innovative and when growth returns you won't have the talent to grow.
Of course you don't want to spend money you don't have so look at cutting back on travel. With phones, webcams, and web applications you can do everything right from your home. Look into cutting your salary before your people. You probably can handle the cut more than they can. Don't spend too much on technology, there are many free and open source software that can do what you need. Hire a good IT consultant that knows their stuff, like us. We can help you have the perfect systems and be mobile. Don't rely on software sales people to tell you the best deal.
Reward the behavior you want in your people.
Winning companies always make it out of a recession. And they almost always beat the competition based on innovation. During the last recession Apple worked on iTunes and iPods and when growth came back they destroyed their competition. Implement this top 10 list just like Apple did and your company will come out on top.
Wednesday, December 2, 2009
Friday, May 8, 2009
Power of Perfection A to Z Principles
Power of Perfection A to Z Principles
By Varant Majaeian
Actually is honoring the perfection of every moment
Becoming thankful for everything is the road of the many to the one
Creation has an equal amount of both construction and destruction
Depression serves us as much as much as happiness
Emotions appear real but illusion, and have opposite illusions.
Forgiveness is an illusion implying a "Right" and a "Wrong"
Gratitude for everything is the key of fulfillment
Happiness and sadness are one, each creating the other
I am perfect exactly as I have been, am, and will be.
Justification of our unique values is what everyone is living.
Kindness and cruelty serve equally in opening our hearts.
Love is honoring what is, exactly how it is
Mistakes are perfect steps to a more precise understanding
Never and always are exaggerations, listen for them
Opposites attract one another, leading to the experence of love
Perceptions are part of the bog picture
Quality questions serve us best in acknowledging our worth.
Realities are many, actuality is but one.
Support and challenge serve us equally in every moment.
Transformation is the actuality of honoring each moment of perfection
Understanding the self is found in balancing our emotions
Voids and values create one another and who we are.
Worth is found in honoring our unique perfect genious.
X marks the spot of inspiration between life's highs and lows
You are a perfect unique creation of divinity.
Zest for life is found in becoming thankful for who you are, as you are
By Varant Majaeian
Actually is honoring the perfection of every moment
Becoming thankful for everything is the road of the many to the one
Creation has an equal amount of both construction and destruction
Depression serves us as much as much as happiness
Emotions appear real but illusion, and have opposite illusions.
Forgiveness is an illusion implying a "Right" and a "Wrong"
Gratitude for everything is the key of fulfillment
Happiness and sadness are one, each creating the other
I am perfect exactly as I have been, am, and will be.
Justification of our unique values is what everyone is living.
Kindness and cruelty serve equally in opening our hearts.
Love is honoring what is, exactly how it is
Mistakes are perfect steps to a more precise understanding
Never and always are exaggerations, listen for them
Opposites attract one another, leading to the experence of love
Perceptions are part of the bog picture
Quality questions serve us best in acknowledging our worth.
Realities are many, actuality is but one.
Support and challenge serve us equally in every moment.
Transformation is the actuality of honoring each moment of perfection
Understanding the self is found in balancing our emotions
Voids and values create one another and who we are.
Worth is found in honoring our unique perfect genious.
X marks the spot of inspiration between life's highs and lows
You are a perfect unique creation of divinity.
Zest for life is found in becoming thankful for who you are, as you are
Sunday, January 4, 2009
The Importance of Recruiting
This article is to make you fully inspired and be aware of the importance of recruiting in any business that you currently promote. You must find people to join in your business and become part of your downline (organization). Without that you can not succeed in any opportunity.
The lack of recruiting continues to be greatest liability of most marketers. Wishy-Washy recruiting often means little growth or no growth at all. Regardless of how you recruit, involving friends, ads, or direct mail, you need to do it! You can not rely on others to do it for you, so JUST DO IT!
Please note that whatever opportunity you decide to join, you will not make one red cent if no effort is made to promote your particular opportunity. ALL members in your organization must rcrit
Many join and hope or expect others to do the recruiting, that does not work! Everyone must do their fair share. it takes the collective effort of all members to earn thousands of dollars. There is no room for slackers. We must all work.
If recruiting two people would make you a great deal of money, would you relent on doing the work? Probably not, especially if you knew it would happen. The trouble is it will not happen if you and those after you do not do the work. Any business will work if you work the plan consistently. No business will succeed if you do not work, its just that plan simple!
Do whatever it takes! to find the number of people necessary to make your opportunity work. it doesn't matter if you need two people of two dozen people. Once you get over the hurdle and find two, you will discover that consistent effort will get any number of people that you want
You have been made aware of the importance of recruiting. Hopefully, if you can not adhere to what you have just been made aware of you will not join and waste the time and effort of your sponsor.
If you do join we hope its because you are aware of the importance of recruiting, they will respond, building your and their downline without hesitation so that all of us will reap the rewards. Do not put recruiting on the back burner, Start your recruiting efforts ASAP, today if all possible.
Let me just say it closing, please take the time to recruit! You will be glad you did! it is the only way your business will succeed. We can all be successful if we all do our fair share.
The lack of recruiting continues to be greatest liability of most marketers. Wishy-Washy recruiting often means little growth or no growth at all. Regardless of how you recruit, involving friends, ads, or direct mail, you need to do it! You can not rely on others to do it for you, so JUST DO IT!
Please note that whatever opportunity you decide to join, you will not make one red cent if no effort is made to promote your particular opportunity. ALL members in your organization must rcrit
Many join and hope or expect others to do the recruiting, that does not work! Everyone must do their fair share. it takes the collective effort of all members to earn thousands of dollars. There is no room for slackers. We must all work.
If recruiting two people would make you a great deal of money, would you relent on doing the work? Probably not, especially if you knew it would happen. The trouble is it will not happen if you and those after you do not do the work. Any business will work if you work the plan consistently. No business will succeed if you do not work, its just that plan simple!
Do whatever it takes! to find the number of people necessary to make your opportunity work. it doesn't matter if you need two people of two dozen people. Once you get over the hurdle and find two, you will discover that consistent effort will get any number of people that you want
You have been made aware of the importance of recruiting. Hopefully, if you can not adhere to what you have just been made aware of you will not join and waste the time and effort of your sponsor.
If you do join we hope its because you are aware of the importance of recruiting, they will respond, building your and their downline without hesitation so that all of us will reap the rewards. Do not put recruiting on the back burner, Start your recruiting efforts ASAP, today if all possible.
Let me just say it closing, please take the time to recruit! You will be glad you did! it is the only way your business will succeed. We can all be successful if we all do our fair share.
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