BUSINESS HIT

We are facing one of the worst global economic meltdowns. Everyone is scrambling for safe shelter for his money. The first reaction of the corporate to the economic recession is normally cost cutting across the board.

Enterprise Resource Planning(ERP) is a supportive package for the business and is still considered by many companies as a necessary evil rather than an investment. So, if the business is down, the need for the ERP seems to be down and the first reaction is to have a sharp cut on ERP expenses.

But, is the cost cutting, the only strategy for minimizing the impact of global recession, at a time when the corporate have already started considering ERP as a good investment and a booster for business growth?

Global economy has its own cycle. After each boom, it also goes through recession and after each recession it has to come back to the boom period.

Rational thinking is the way to milk a risk that pays well, on the good the risks brings you, on the contrary to good things the risks bring you and all of the objective trimmings that go with it. However, to use risk productively, you must look at all situations with cold objectivity, logic and honesty. In light of that, this will be an easy to read and apply article with enough words to give it good, useful meat and potatoes advice. Sure, inert advice tells you to take the wildest risks possible. Good, workable advice tells you to take the risk with the most sure return on investment. The good, workable advice is the advice this article will give. Let us face it, only genuine losers take too much risk, especially irrational long shot type lottery style risks when we really look at objective business thinking. Winners only take rational risks that do have good returns on investment in the long run and sometimes long run and short run combined.

I am not always saying that everything is cut and dried easily measurable, but, I am saying indeed that things are progressing when they are working rationally, not perfectly, but rationally. Think about it, only those who do not succeed in any genuine way expect consistent perfection, those who do win, seek rationally workable success and not consistent perfection in any situation. I did not say the word “almost” either, for that only counts in hang grenades and horseshoe throwing games. What counts is what rationally counts as success and that requires a certain amount of “imperfection” and risk. In fact, the ultimate imperfection is the concept of risk, so get “perfect” out of your mind and achieve the kind of success I am talking about. The only concept of perfection that genuinely counts in fact is when you do succeed and come in “in the black” or get past the gauntlet of failure. That is the secret, that is the goal. Nothing succeeds like success.

The procedures and processes in your business must be efficient, and you should have methods of operation which take into consideration risk management. When you are designing these processes safety is something which may not necessarily be a major consideration for you, but it definitely should be. There are all sorts of OSHA standards, and I don’t recommend that you break any – however, sometimes OSHA standards in certain circumstances can create unsafe situations.

The reality is that you need to keep your business model and processes within the boundaries of OSHA law to prevent lawsuits, and regulatory fines. Nevertheless, let me explain to you one case study and example, something in my own company prior to retirement which always bothered me. We used pressure washers and steam cleaners to clean fleets of vehicles under contract.