What are you doing now to prepare for the upswing in the economy predicted for 4th quarter 2010?
The following are excerpts from an article that I recently posted:
Two years ago, Alan Beaulieu – principal at the Institute for Trend Research – predicted that the United States and its global partners would be heading into a deep recession, including a stock market correction. This notion differed greatly from mainstream economists, including the Fed.
On January 22, 2010 at the Central Oregon Economic Development Forecast luncheon, Beaulieu offered a new prognosis for the years 2010, 2011 and 2012. “Get your bottlenecks worked out now,” was one of them.
Beaulieu, armed with graphs and 30 year data streams, is predicting a modest rise in consumer spending in 2010 followed by an increase in demand by 20% in 2011 followed by higher oil and gas prices.
Therefore, 2010 is the time for business leaders to accomplish the following activities:
-- Refine business and manufacturing procedures.
-- Correct work flow and manufacturing bottlenecks.
-- Purchase and upgrade equipment.
-- Build team capacity through cross functional training and team development.
-- Resolve .business culture problems to improve team morale and productivity.
-- Get the core business functions in alignment.
-- Spend money on marketing and advertising.
These activities, claims Beaulieu, are for courageous leaders to fund now. In doing so, prepared companies will be ready for 20% and higher growth due to increased demand and reduced competition from businesses that are not.
Another prediction is that inflation will rise in 2011. This means that interest rates will increase with demand. Therefore, businesses that are upgrading and getting the kinks out now are doing so with lower dollar costs.
Given the predictions, as a business leader what does this mean for you?
I would love to hear your throughts.