My friend Billy used to say "You have to keep the faith" and i believe him. In down markets most businesses are focusing on cost cutting and how to squeeze another dime or (million) out of their current resources. This is a good practice to keep profits up while saving money. The problem comes in when these leading companies are no longer spending money on R&D (Research and Development). In order to growth the economy and your company forward you need to be focusing on creating new products services or options. Creating new options for your clients always builds value and in turn added profitability.
* If money was not an option what new product or service would you create for your customers or a different customer segment?
* What are unique service or product offering companies in your industry and other industries doing?
* What talent do you currently have within you company that you are not utilizing?
* What companies can you partner with to create a total solution or (Total Package) for your clients?
Send out these question in your next company agenda e-mail and see what ideas your employees may have.
Namesta
Kevin
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