Well, we’re just about through one of the most challenging and uncertain years for business in recent memory — and good riddance! Here’s to a prosperous 2010.
Although we’ll all be glad to put 2009 behind us, the unfortunate reality is that changing our economic fortunes is not as simple as changing our calendars. Despite some signs that the economy is recovering, many individuals, businesses and industries continue to struggle through the ongoing effects of the recession.
Nevertheless, the new year does provide an opportunity to take a small step back and assess the lessons learned in 2009 and think about how to apply that hard earned knowledge upcoming challenges in 2010.
A common business practice when deciding on a course of action is to perform a S.W.O.T. analysis (Strengths, Weaknesses, Opportunities, Threats). What are the strengths, weaknesses, opportunities and threats that you expect to face in 2010? Do you plan to make any changes to your business in the coming year in response to the ongoing economic slump? Do you expect to see a strong pick-up in business next year, or more of the same?
Tell us what your crystal ball is telling you by posting a comment below