Friday, August 5, 2011

A Best of Barry: The Toughest Decisions

It's hard to make decisions relating to business: do you have the right employees? the right clients? the right business model?

But it's even harder to make the decisions that many businesses are or will be dealing with soon. Those decisions are not black and white. As the economy continues to struggle, businesses will be facing the toughest decisions.

For example, say you run twenty stores across the nation. You need to shut down at least two. The problem is that there are no terrible stores in the group, in fact most are doing fairly well. No one deserves to be shut down, yet something has to happen.

The first cuts are the easiest, those are the ones that were first made when the economy crashed. The next ones we'll see will be more difficult to make and may seem more unfair. They will still need to be done.

Barry LaBov
LaBov & Beyond

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