It’s almost six months since we first realised that the Australian economy was in for a serious confidence correction. Some outfits adjusted their business models and cost structures early and somewhat savagely. Well done. It will be survival of the fittest.
Those that waited and are still moving through the process of re-assesment are being penalised with unprecedented volume decreases…and are exposed to predators waiting in the wings with cash to take them out.
But what are the early learnings from these tough times?
Does it depend on what sector you’re positioned in? Does it depend on your market share stance by segment? Does it depend on the customer loyalty strength you’ve enjoyed over the last few years?
Share your thoughts so we can all learn. Please comment.
cheers!
Pete Jeans
Director
SMO Sydney
http://www.linkedin.com/in/petejeans
I think it presents good opportunities for SME’s with a little creativity and innovation (and some hard work thrown in) I believe they will be the true winners from all of this.
Just passing by.Btw, you website have great content!
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