The Economy and Small Business
What’s going on in the worldwide economy will no doubt impact all businesses, but it is widely believed that FDR was more than partially right when he said “We have nothing to fear but fear itself!”
The basic qualities it takes to run a successful business don’t change much whether the economy is good or bad. What we’ll find is that tougher times will simply separate the men from the boys. While we’ve heard from some clients that things are slowing down, we’ve got many other clients that are growing, and investing in new equipment for their businesses.
Same outside forces, different reaction and result.
A couple of inches of snow can shut down a city in the south…but, in Chicago or Buffalo, they’d hardly even notice it. Again, same outside forces, different reaction and result.
We can’t control the weather, and we can’t control the economy. Best we can do is be prepared. When it snows, or when the economy slows, we just put our head down and get to work. The environment will turn around. And, when it does, things will look different.
Here at SED, we’re investing in new software to help us run all operations of our business more efficiently and effectively. Is the timing perfect? No, not really. Is it expensive? Yup. But, it’s what is needed right now for us to be a better company and thrive long term. So, we’re putting our head down, and getting to work.
While some competitors out there in any industry are just trying to make it through the downturn, there are bound to be opportunities for those willing to make things happen right now. That’s just the way these things go. And, when things change, when things turn around, the guys that made things happen are the ones that will be well rewarded.