The Great Recession Vs. The Great Rebound!

This Great Recession has changed most of us and our outlook on the way we do business.  The economy has been right down hard on a lot of businesses.  In fact, many have had to thrown in the towel, but many more have survived to fight another day.  What some business owners fail to realize is that the economy will improve and if you’re not ready you may miss out on the vast opportunities that lay ahead.  Things are not going to be bad forever, unemployment numbers will improve, constructions projects will start-up again, people will spend their money, and the national and local economies will improve.  It’s happened before when things got difficult and it will happen again.

That’s why it’s more important than ever to realize that when things do improve will you and your business be ready?  Will you be ready to take on the new way of doing business?  Will you be able to capture your share of the new market place?  Ask yourself this important question, I’m I ready?  If not, what are you doing right now to get ready?  Are you positioning your company to steam ahead?  No matter what your business, no matter what your occupation there are things that we all should all be doing right now.  First, is your message outdated, or the way you delivering that message outdated?  Is your product or service need refinement or the way you market it, does it need refinement?  When it comes to delivering customer service, both internally and externally, are you and your employees showing that you truly mean business?

Your website, when is the last time it’s been updated?   Do you use it as a tool; do you even know how to use it as a tool?  Do you have the capability to perform analytics and find out what people are looking at or searching for?  Do you know how SEO can help your site?  Do you advertise your website at every opportunity?   Do you incent prospects and current customers to go to that website? Are you on-board with Twitter, Facebook, Linkedin, and other social media?  Does your company have a blog.   Gone are the days of opening up shop and waiting for people to stroll in and spend their hard-earned dollars.  Customers want value, they want information, and they want to know they’ve made the right decision.  Are you giving them everything they need?  If you don’t, your competition will.  Are things slow right now at your place of business?  Take some time right now, today and see what you can do to prepared yourself and your company for the recovery; because it will come and you need to be prepared.  There is no excuse for saying you weren’t prepared, use this time to prepare and ready yourself and your business for the recovery.


Branch Manager that has worked in the small to medium sized business lending field. I have experience in all types commercial lending and I'm here to provide insights from a lender's point of view. I hope to impart some knowledge that can take your business or profession to the next level. I currently work as a Branch Manager at the 10th & Bannock Office for Banner Bank in Boise, Idaho.

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