Biz Compass: How do you manage your business differently amid economic uncertainty?

Last updated on March 17th, 2020 at 01:34 pm

Kraig Sadownikow
President, American Companies

“Remain confident – realistic but confident. Trust yourself, your business principles and the values that helped you grow to be the business and leader you are today.”

Paul Eberle
Chief executive officer, Husch Blackwell LLP

“Uncertainty in business, as in life, is a constant so it’s not a matter of managing ‘differently,’ but simply managing. Block out the noise, communicate constantly, stay focused on your strategy and goals, listen intently to your people and your clients, and don’t be afraid to change. Opportunities exist – even in uncertain times.”   

Sara Walker
Senior strategist, regional director of investments, BMO Wealth Management

“Economic uncertainty is a constant. People do not like uncertainty, and when it increases at work, employee reactions may spread like poison. The best antidote is increased communication with an emphasis on listening and purpose—of the business, the team, each team member and how they may all best align.”

Steve Kroll
Vice president, Granular

“Our mindset is to not wait until the economic downturn comes to ramp up sales and marketing. We push to turn around requests for quotes quickly, onboard clients on timelines that work for them, and overall, just have a very client-centric approach to kicking off the relationship. This is important at all times, but especially in uncertain economic times.

Steve Maahs
President and chief operating officer, Alto-Shaam

“When economic indicators point towards a downturn, we remain observant, proactive and continue to focus on our long-term strategic plan. To minimize potential threats, we identify opportunities to eliminate waste, while continuing to invest in future growth and innovation.” 

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