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Posts Tagged ‘future’

Do’s and Don’ts of Running Our Business in Today’s Economy

Friday, June 19th, 2009

In my consulting and coaching work I am being asked a question that is common regardless of industry, business or position.  The question is, “how do I know what action to take in today’s environment?”

We can become immobilized by all of the options available to us- if it is at all helpful I have the following Do’s and Don’ts as a guide:

Do’s

Do -Look At Your Business or Your Leadership through the eyes of another industry to find ways to operate. If you are in retail what can you learn from manufacturing?

Do- Re-connect with your customers about what they want and need. This will help you to re-focus on what your customers truly want rather than what you think they want.

Do- Get people talking. Use the social media tools, twitter, facebook, myspace and linked in are great for creating dialogue.

Do- Reexamine your business model for processes, products, and systems that are no longer working.

Do- Constantly look for ways to add value to your customers, your company, your team and all you connect with. Focus on meaningful and heartfelt interactions.

Don’ts

Don’t-  Stagnate with status quo- sitting back is a ‘wait and see’

Don’t- Stop marketing your product or service. Communicate with your customers now more than ever.

Don’t- Assume your suppliers and vendors are doing fine. Visit in person, pick up the phone, negotiate creative ways to continue doing business.

Don’t- Lose your creativity. Focus now more than ever on new revenue streams, new ways to leverage existing client relationships,

My Prediction 5 Years Ago Has Come True!

Thursday, February 19th, 2009

I hate to say I told you so……but when I first told an audience 5 years ago that in the future Baby Boomers( I call them Zoomers- a boomer who refuses to age) would not be retiring at 65 I would receive groans, rolled eyes and disbelief.

Well……current research says that 43% of zoomers surveyed will NOT be retiring as planned.

I was basing my proclamation on the fact that the values of Gen Y and Gen X were shifting the workplace environment and that Boomers knowledge would be needed and financially they would need to continue to work.

Well here we are—- in a new economy that has transformed the balance of financial security for all of us. For those boomers who had their retirement in stocks or mutual funds that money has disappeared.  The result is a radical shift in what the future looks like and many zoomers are making major decisions right now to stay in the workforce or to create new sources of income.

Here’s a new prediction- the challenges of having three generations in the workforce are here to stay for at least a few more decades! We will no longer be focusing on the differences between the generations rather companies will be focusing on innovation and creativity by harnessing the unique thought patterns  and ideas of each generation.

Fast forward to 2012 and we will be experiencing a new world that is based on connection between all generations, value of contribution to the entire globe and profit for all contributors.

The opportunity for all of us right now is to embrace the changes, acknoweldge how we may be personally blocking progress and to take positive control of the future.

Connecting the Generations

Connecting the Generations