First Business

July 27, 2010

When the (All) Stars Align

LeBron James, Dwyane Wade, and Chris Bosh. Whoever has the best team wins. Whether its basketball or business, it’s always the time to be looking to improve your team. If you’re in the service business, you are in the people business, and now might be the best time to add an all star or two to your lineup.

Yes, the economy is still in rough shape, and it can be scary to spend money. But where there’s change, there’s opportunity. Look at your industry. Has there been consolidation and/or downsizing? Have people experienced changes to their compensation, benefits, or job responsibilities? Is morale down at your competitors? There is a chance one of their star players would listen to your story, even if they never would before. You might be able to attract talent, right now, that you haven’t had the chance to attract in years and may not get the chance to attract again for a long time.
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