In an environment where zero private company jobs were created in August (based on U.S. Department of Labor report) and the amount of underemployment in the economy remains prevalent, the US Senate Finance Committee took witness testimony from several prominent American business leaders and sought the input of notable community and business leaders (read Garry’s American Jobs Update here).
While the government administration and legislature works on job plans that include removing barriers for small business owners and lowering taxes, the economy requires technology advancements and private sector ingenuity to drive America.
Today’s operating requirements create complex challenges to grow (read which industries are poised for growth here: American Growth Sectors), but service businesses can only grow or shrink; as stagnation and mediocrity only lead to failure. These economic realities place more stress and new constraints on you as a leader to adjust your financial models and revenue models (such as targeting communities using alternative distribution).
In this economy, it’s critical that leadership maximize the entire spectrum of opportunities. What are you doing today to improve your revenue sources, portfolio, and distribution?