Current cutbacks, lay-offs,
tightening credit and lower business and consumer spending are presenting major challenges for both large traditional companies
and small business owners. Large traditional companies are top heavy, poorly managed and lacking in true leadership
- a situation that seriously limits their ability to meet the demands of a changing marketplace. Traditional business
models are not bad, they just don't work anymore.
Current economic and business conditions have given rise to the need for a new
business model - one that is nimble, flexible and focused on delivering value. This situation presents opportunities
that are tailor-made for small business owners who have the option to modify their current business model or develp a new
one. In this regard, small business owners have a distinct advantage over the more established companies. The key objective
of a new business model is to find new business opportunities while demonstrating flexibility with the solutions
you are currently providing.
The most critical aspects of the new business model are visionary
leadership, effective management and delivering value. To be effective, the model must have innovative
leadership focused delivering real value and real-time measurable results. In many instances, small business
owners must acquire additional skills to compete in this new market or they will perish. Simply stated, small business
owners must invest in their professional development to remain competitive.