WHAT YOUR BUSINESS CAN LEARN FROM GOVT BUDGET SHORTFALLS: Thinking It Can Never Happen to You

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When you read the first 3 entries in this series of blogs about NJ’s budget crisis, did you conclude that

-           those problems could only happen to the government?

  • What about General Motors? Bethlehem Steel? Lehman Brothers? 60% of new businesses?

-          elected officials value power and control more than business leaders?

  • What about the fact that 98% of all privately held businesses remain “micro-sized incorporated careers”?
  • What about the glass ceiling? Corporate politics? Insider trading?

Ignoring the Numbers and Borrowing Against the Future During Good Times

Ask yourself if your

-          current financial stresses could have been moderated if you too hadn’t assumed that the good times would just continue

-          routine includes in depth analysis of causal trends rather than just results-focused percentages

Avoiding Conflict and Hoping to be Rescued During Bad Times

Ask yourself if you are STILL not addressing your

-          friction between business partners
-          over dependence on a key leader or a few large accounts
-          chronic recurring profitability or cash flow problems
-          when and how to replace a long term unproductive or disruptive employee
-          unrealistic revenue projections in your proposals to outside investors

Resisting Consolidation and Forcing Disaster Today

-          Ask yourself how bad things must get before you will learn more about:

  • how acquisitions, asset purchases, joint ventures, and mergers really work
  • succession strategies, equity deals, ESOPs, and IPOs
  • alternative business models
  • new approaches to market research to reduce your risk of being blindsided
  • how to recognize complementary companies and become an attractive partner

5th in a Series –

About Aldonna Ambler:
Known as The Growth Strategist®, Aldonna Ambler built and grew a suite of companies to help midsized B2B companies achieve accelerated growth with sustained profitability® A Certified Speaking Professional (CSP), Ambler has addressed over 2000 audiences and hosted a syndicated online talk show about growth strategies for 9 years. As a growth financing intermediary, Ambler raised over $1 Bil dollars for midsized companies. The winner of over 2 dozen prestigious national and statewide "entrepreneur of the year" awards, Ambler is available to speak about “profitable growth during any economy” and/or serve on the board of a growth-oriented privately-held company.

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Aldonna is very perceptive. It's amazing how quickly she grasps the unique strengths and weaknesses in a company. Her assessments and recommendations about local entities served as an important spring board for my work with local presidents within the region. She has worked with bright executives, appreciates the complexity and is constructive in her advice.

Fred Pike
Formerly of Ricoh/IKON Office Solutions

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