Three Tips – Preparing for Economic Recovery

preparing for economic recoveryA week ago, I had an opportunity to hear an economic update from a Federal Reserve Bank economist. While the numbers are far from fabulous, most seem to agree we are on the road out of recession.

Have you reduced employee counts and canceled or delayed capital projects? Do you lack the bench strength and infrastructure to support significant customer and revenue growth? Here are three tips for getting your house in order now:

1. If you haven’t yet taken advantage of the slower business cycle to make the day-to-day processes in your company more efficient, start now. Increase productivity so initial growth can be absorbed by existing employees.…

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Don’t Make a Federal Case Out of It

business disputes and lawsuitsEven as we’re starting to see the early stages of an economic recovery, businesses and individuals continue to trudge through the ugly legal fallout of deals-gone-bad.   Countless lawsuits have resulted from soured joint ventures, alleged breaches of contract, and plain old disputes over who owed what to whom.   These lawsuits can be costly, time-consuming, and counterproductive.   Worst of all, they can distract you from what’s truly important: tending to your business’s current needs and helping it survive-and thrive-for the future.

As reported in the New York Times on December 28, 2009, recession-related lawsuits, even apart from home foreclosures, are on the rise.  …

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