Wednesday, April 14, 2010

Self Evaluation Valuable for Entrepreneurs

Christine Davis of the Women's Business Center Portsmouth USA makes some good points in her article:
Published April 12, 2010 2:00 AM,

"If you are a business owner reading this, you have at some point during your entrepreneurial venture asked yourself, "Should I be doing this?"

Not every business was meant to live in perpetuity, and we have to be able to know when to "hold 'em and know when to fold 'em" as sung by the prophetic Kenny Rogers (pre-fast-food days, of course).

This crappy recession does have a bit of a silver lining that I am going to go out on a limb and share: We may not like it, but our current economy is actually forcing some businesses and nonprofits to make decisions that in the long run could well create better and stronger organizations. We are stepping back and re-evaluating our business models and making changes to improve what we do and offer.

Those that adapt and innovate will succeed. Those that don't (or can't) will fold. It seems as if we are living in this feast-or-famine scenario, and perhaps what will come of this is a healthier economy that is neither feast nor famine."

To read the full article click here.

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