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Preparing for 2025: "In this time of a lot of uncertainty and a lot of change and a lot of consumer just, you know, people being nervous and seeing things like some big companies in the tech space, some automotive companies around the world really seeing disruptions. Nissan just announced 9,000 layoffs. It's not clear whether Volkswagen is gonna survive."
Mission-Driven Business Strategy: "Number 1 is to take a moment to connect with your mission, see if there's any changes that wanna happen there, and to reconnect and, you know, to communicate again the mission driven benefits of your business or your organization."
Reinforce Your Mission Internally: "Reconnect internally in that most inner circle about how what you do makes a difference, and that can really boost morale and help just reengage and help people kind of find resiliency in a time looking into 2025."
Increase Financial Resilience: "Increase your financial resilience and flexibility. It makes sense to me in a time of uncertainty, in a time when there's a lot of disruption of businesses that haven't really thought about resiliency, and we're just kinda doing the same thing over and over again until, wait a second, it's not working."
Emergency Preparedness: "Given the uncertainty and given there's lots of flux and change and unknowns, that having an emergency fund that would allow you to cover 6 to 12 months of your base operations can be just a real source of being able to sleep at night."
Strengthen Local Partnerships and Networks: "Number 3, something I'm doing a lot in my business, strengthen local partnerships and networks. In a time of uncertainty, just natural human tendency to kinda look around to my right and to my left rather than a continent away or even a state away, who's here in my local community that I see regularly?"
Leveraging Local Networks for Business Growth: "Honestly, this is one of the fastest growing aspects of my business. In the past 2 years, I've gone from a very small percentage of my private clients being in New Mexico to not quite 50%. I think it's about 45 it was 45% the last I looked. I just got a new client today. I signed the contract, so maybe that tips me over 50%."
Maximizing Lifetime Customer Value: "This is a time in my assessment where we really wanna come back to what's the value of the product or the service that you have. And being able to adjust messaging to really highlight the solutions that you offer to their most pressing needs."
"Leadership and Talent Retention Challenges": "Keeping those spots full and keeping the company going as they grow, this is a key challenge that a lot of my clients right now are hiring me for."
Embrace Change in 2025: "So, hopefully, this gives you some idea of how you can be focused on growth even in a time of uncertainty and likely a lot of change in 2025."
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