IF you are in the position to add to your team, think of the incredible talent you can access. People that couldn’t be lured away from your competitor a year or two ago are now available. Experienced leaders, highly talented individuals, motivated and skilled people. When things are a little slower it can be a great time to bring in someone new and get them up to speed with your business. Plus the right hire can bring fresh ideas to help your business grow or at least stabilize, and prepare for a turnaround. Because we all know a turnaround will come, it’s just a matter of time. When it comes you’ll be a step ahead if you have the right people on your team, trained and ready to go, with new fresh ideas and tons of motivation.
Radical idea I know, when companies all seem to be cutting back. But there are companies out there following exactly this strategy of taking an economic downturn and their competitor’s misfortunes to strengthen their own team. And you know what? They’ll be the first ones out of the gate when business picks up. Smart.