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Commonly Asked Questions I have cut staffing and reigned in spending because of the economy, when should I start expanding? I recommend that plans be put into place as soon as possible to know what to do when the business climate improves. Large companies are already spending on infrastructure upgrades, which means they are getting ready for the economic turnaround. What is the first thing I should do now that I think the economy is about to turn around? I recommend that all companies begin the process of developing a strategic plan. Planning does not require a significant expenditure, but gives you a roadmap for future growth. There have been enough changes in the business environment during this last recession that new business models must be developed in order to be successful in the newer Internet oriented world. Send your business questions to Keith Chiles, MBA at keith@time-slice.com to have your question answered in the next newsletter.
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