You Can’t Grow by Cutting!
This phrase sums up my philosophy of business. You cannot Grow by cutting people, investment or other expenses. The cutting concept is only valid for improving profitability, but does nothing for the growth engine. Growth is the driving force for high energy and dynamic cultural difference.
If you need proof – McGraw-Hill did some research about companies that continued to invest in people and other investments during a recession. The results show that “companies that invested in themselves and their people during the 1981-1982 recession had 29% MORE BUSINESS the next year.”
So what does this mean to you? It means this is a time to invest in development of people to improve their knowledge and experience; to improve your processes to be more effective and to invest in better technology to lower costs using more efficiency and effective systems.
If you need another reason for investing in people,processes and systems now – here you go. The most important reason is to show confidence in the economy and the future. When people see the investments, they will belief that it is only a matter of time and things will be cooking again. Optimism is an key emotion needed to get our economy started and your people control the use of this emotion. Show your faith in your people and watch them show it to your customers. Then things will pick up in a positive way.
Latest posts by Voss Graham (see all)
- Stop Wasting Money on Marketing! - July 10, 2017
- Which Are You Providing – Clarity or Confusion? - November 10, 2016
- Talent Reality Business Simulation introduction video - June 27, 2016
- How to Gain Experience without costing your company - June 22, 2016
- Success is as Easy as 1-2-3 - January 1, 2016
Voss Graham is an Organizational Architect with 30+ years of experience designing sustainable business growth for organizations of all sizes.
Creating the Strategic Focus with the Executive Leadership Teams, he uses Systems & Process to ensure the Drivers for Business Growth are Executed at the Highest Levels. Voss is available as a Speaker for your conferences or company meetings – contact him at 901-757-4434 or use the LinkedIn or Facebook direct messages.