Economic progress is slowly ebbing along, more sideways than upwards. The stock market rally has given us a sense of hope that things are turning around, yet economic growth has been relatively flat for some time even though the unemployment rate is near all-time lows. This article was first drafted in the fall of 2011. It’s amazing that after a decade we find ourselves in a similar economy. You’ll recognize the parallels to our situation today. The remedies outlined at the end of the article are still highly relevant in today’s economic environment.

Muddling through - Mixed signals in the economy make decision making difficult for manufacturers.

It’s clear as mud.

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For many companies, asking for investor dollars can be intimidating: after all, it requires a company to parade itself—exposing some of its most confidential information: its strategy, customers, financials and operating practices — to outsiders. But bringing in a consultant early will help you identify the gaps and weaknesses, as well as hidden strengths, before the investors get the chance. Forewarned helps you get forearmed when it comes to raising capital.

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Executives planning major expansions or capital projects need to take measures to optimize their chances of success. In many cases, they only take steps to guard against failure while leaving the most important measures out.

When preparing for investments or expansions, executives should consider the following:

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Planning for upturns and downturns in the business cycle can mean the difference between prosperity and failure. Forewarned is forearmed, and business executives should plan for the worst as well as the best.

There are three fundamental steps one can take to ensure their companies not only survive but thrive during economic turbulence.

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All companies want to improve their efficiency, but many find it difficult to identify the gaps in their business practices that are preventing them from achieving significant breakthroughs. One remedy for this malady is to use an external resource that isn’t blinded by the company’s tradition and norms. A financial consultant with a fresh, outside perspective, sophisticated analytical skills and new technology can give an immediate boost to your company. A strong advisor will be able to sort the high value opportunities from the low-payoff activities, develop the plan to achieve them and have the capabilities to execute the plan within your organization.

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