Blogger John Spence Offers Strategy for the Economic Rebound

There's no doubt that the current economic sluggishness will eventually turn around. Exactly when it will happen is anyone's guess.

Achieving Business Excellence blogger and business consultant/speaker John Spence feels that the recession is in its "fourth quarter", likening this cycle to the last quarter of a football game where everyone is pretty tired but are at a point where extra effort is needed to win the game.

Regardless of where we are at in the economic cycle, Spence's advice is spot on. He offers a series of 8 questions for you to answer and rate yourself or your company on to see if you are prepared to take advantage of the business upswing that is bound to occur when the cycle ends. His questions force you to look at how you are working with your customers or clients and the level of service you are currently providing. You can then rate your answers to see how prepared you really are for an economic rebound.

The other reason Spence's piece is noteworthy is that the techniques and service levels he suggests you need are also ways you can survive the downturn in the first place, regardless of how long it lasts. And, while his advice was written from a standpoint of business teams, it applies to solo entrepreneurs as well.