With the market in it’s current condition we are planning on taking advantage of 2 main opportunities.
1) Clearer job descriptions and defined career paths to identify candidates from the growing population of available and growing pool of talent.
2) Use the office time to put better business practices into place to streamline operations.
On the advertising comment above I offer the following opinion:
For advertising to work, you need to make a consistent long term commitment. Budget the expense and add it to your overhead. Otherwise, you will find that advertising doesn’t pay off. It is a classic small business mistake. Spend $xxx on some form of advertising to “try it” and find that it didn’t generate work. But if you talk to businesses that advertise regularly, you’ll find that their advertising does work (because they’ve stuck with the program). Now, it can be a tight rope walk because for small businesses we are often playing the cash flow game and it may be difficult to justify a large advertising expense when the cash just isn’t there. But, if you have a business model that is going to work and grow, you’ll find that the long term investment in advertising only helps solidify your place in the market if the positioning statement matches what you actually sell/install.
Looking forward to 2009!
Morgan