« An Economic Earthquake? »
A friend of mine, Jordana Megonigal at the Business Black Box magazine, asked a great question recently --- What is the single thing that Upstate businesses need the most?
My answer - They need to discover how to think and act differently. They need to learn new skills.
This time period is a massive ECONOMIC REALIGNMENT. Some things and skills are increasing in value and some are decreasing in value. In time, people will see that this period was the equivalent of an economic earthquake (in a good way I think). The way people do business is shifting rapidly as our population comes to grips with the reality that they are ill prepared to weather future changes.
The internet has changed the way people communicate and connect. Business owners need to expand their skills to integrate what is coming down the pike. We may be only a few years away from an environment where traditional advertising venues no longer even exist. New ones will pop up and change how we interact even more.
So ... we need a local THINK TANK. A place for business owners to grab a cup of coffee and challenge each other. Whether its retail or business to business, we need to start thinking - and talking - and exploring.
Your thoughts?
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The BizTreker by Email
Wednesday, July 15, 2009
Reader Comments (1)
I think you are exactly right. Times are changing and in order to keep up, Upstate businesses need to keep an open mind and change their thinking and actions taken. For example, we are currently taking part in the social media movement that is happening among businesses all over. We have created twitter accounts, blogs, facebook fan pages, etc. In order to network ourselves as much as possible to gain new contacts and get our name and brand out there, we have to take all the steps possible to achieve that goal and keep up with the constantly evolving business environment.