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Getting Through 2008 ... and Beyond

Let's face it—2008, and possibly 2009, are going to be challenging at the very least, perhaps even worse if the economic climate continues to turn against us. Economists continue to argue over whether we are in a recession. Independent of their answer, business conditions have, in many cases, already taken a turn for the worse.      

So, what should a business owner or CEO do in this environment? One option would be to continue on as before, but to what end? Moving forward without a full understanding of where you want to take your business might not be productive overall and might even be adverse to the long-term interests of your business.      

Have you articulated a plan, both for the short and long term? While considering the issues, have you also looked at the opportunities in the market? Have you taken a hard look at which customers and which products are contributing and which are detracting from your bottom line? Are you spending your time on mission critical activities? Do you have the right people in place and do they know what is expected of them?

Following are some thoughts and planning ideas for business owners and CEO’s to consider in these times of uncertainty... (read full article)

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.