Navigating Your Firm (This is the last post in a series...)

• Across the board is dumb. Anything—pay cuts, dropping 10% from each product line, cutting all budgets by 15%--done all across the boards is dumb and not strategic. Rarely does the real problem get solved when a simple percentage or remedy is applied to all problems/departments/people
  
• Keep up the training and R&D. This is your future.
  
  
• Ask employees for opportunities they see in the current environment. Ask for input on how to manage for the future. If ideas make sense, execute. If have can’t be tackled today, explain why
  
  
• What could barter/trade to other companies? Bartering gets idle people busy. It's also not taxed.
  
  
• As things may improving, keep in mind that most are predicting a slow recovery that will take several years to get us back to the ’06-’07 employment levels. Because of this:
  

1. If there are changes, improvements, ideas to implement... act today... you never can should have
   
2. Continue manage capital fiercely. Keep A/R current.
   
3. Recession proof your business model and differentiate your offering today to prepare for the next downturn