In Times of Recession

It is amazing that when times get tough in our businesses we seem to create the very behaviors that bring our businesses further down even to the point of closing the doors.

The "Glooms" come out to play, we loose focus of our primary goals, and we spend all our time in trying to find the magic key to deliver us from the Doom Gods. Worst of all we turn away from the two greatest factors in any business or economic turn around, our employees and our customers. It's amazing how businesses in developed countries panic and loose control of their instincts and their self control.

I often travel to underdeveloped countries and what I find are people who thrive in adversity and economies that are in constant flux, and that's mostly in a recessionary down turn. But what I also find are people, who in spite of it all, pay attention to detail and never ever forget the importance of focusing on the customer. The businesses in these countries and communities, whether large or small, know that their very existence is tied to the customers or potential customers perception of their products, service and how the customer is treated as an individual. Perhaps we should learn from this.

The customer's needs will always be there no matter what the economy may be doing, and they will always be looking for ways to meet their needs and solve their problems either in a business to business environment, or as individual consumers. What sets a successful business apart from the rest in an adverse business environment isn't government bailouts, or uncle John's bank account, but the way they recognize and deal with their customers and employees everyday.

In a time when everyone is looking for answers maybe if we learn to use the answers we already have we just may find that success is not just a term for economic upturns. If you want to survive the tough times pay attention to your best friends, your customers and they will always be there to take care of you.