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Overcoming 5 Challenges to Keeping Your Head in Tough Times

September 9, 2011 By Leave a Comment

What Goes Up Must Come Down

Sir Isaac Newton statue from Trinity Chapel. Photo by Harlequeen

Sir Isaac Newton proved it. David Clayton-Thomas wrote about it in the “Spinning Wheel” song. BS&T (Blood, Sweat & Tears) and Dame Shirley Basseycovered it in their albums.

Songwriter & singer Dame Shirley Bassey

How many ups and downs has your business experienced? Since we started our business, we have been through seven ups and downs – oil, banking, real estate, savings and loans, dot.com, Wall Street, and now real estate again. It has caused us to refine and redefine our business at least that many times.

If it’s a part life, it does not make sense just to try to survive this one because another wave is coming. If you own a business, the wave that could take you under could be something global like this “Great Recession” or something unique to you and your business. So be watchful; be prepared.
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Filed Under: Business Management, Business Process, Leadership, Planning & Vision, Pricing, Sales, Small Business/Entrepreneur History Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Austin Small Business Summit, Now What?

August 11, 2010 By Leave a Comment

I wrote a post in April about Austin’s March Small Business Summit.

What is Austin City Manager Marc Ott doing about the Small Business Summit Resolution?

I have not seen City Manager Marc Ott’s proposed budget. I am curious to see if he followed Council’s directive and included anything about how the City will try to address the needs and wants expressed by the 40 business representatives that were part of the original Summit.

According to the resolution that passed in June, Ott has 120 days to come back to Council with a report and policy recommendations to enhance the City’s effort to facilitate growth of locally-owned businesses.

That means there may be nothing in the budget. If his budget passes, it looks like it will mean higher sales and property taxes (and they wonder why we aren’t  hiring or buying). [Read more...]

Filed Under: Business Management, Community Activism, Government Legislation, Small Business Advocacy Tagged With: , , , , , , , , , , , , , , , , , ,

22+ Reasons Your Small Business Is Keeping You Up at Night

February 16, 2010 By 1 Comment

 

Owner's unrest

News 8 reporter Harlan Schmidt interviewed me about why Austin is a good place to start a business. I told him it was Austin’s “can do & it’s ok to fail” culture. And it is also about the fact that we have a highly educated population which means we can learn from our mistakes.

Then he asked me what needs to be done to improve our ability to sustain businesses. After all, it is not about starting — anyone can start one. It is about keeping it going — although not necessarily growing as large as, say Dell. [Read more...]

Filed Under: Business Management Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,