Employees who still have a job with you are “mighty scared” for their economic future.

Health care costs in the form of higher premiums and deductibles are eating them up.

They might be in danger of losing their home.

Their savings are dwindling or gone.

The value of their dollars is diminishing.

Taxes are about to go up.

Social security benefits are being cut.

Credit card debts are out of control and credit is drying up.


In other words, the proverbial “s…” has hit the fan.


These assumptions likely apply to the people who work for you, unless you have solid information to the contrary. These assumptions, in many cases, also apply to YOU. Here is the standard, generic advice for what to do.


  • Make a decision: sell the business, stand pat, merge or bull forward.
  • Make a strategy to implement your decision.
  • Be honest with your workers, vendors, customers, creditors and debtors.
  • Involve your workers in making a plan to carry out your decision.
  • Set a realistic timetable for when things will happen.
  • Be sure to listen to your accountant, attorney and family.
  • Stay close with your board of directors.


Generic advice takes you only so far. Every situation is unique and all things are not equal. Therefore: engage a consultant or trainer to take a look at your situation from the outside, bringing a new perspective and helping your operation utilize the talents of everyone involved.


We all recognize that in economic matters change is the rule, not the exception. What gets bad also gets better in due time. Those businesses that survive most often change in order to survive. Above all, the people involved in businesses that survive work together.


Be sure to stare long and hard at health care costs and options. Listen very closely to all the people involved and search for a variety of options until every person has been accounted for. Without proper health care, sooner or later illness and health related expenses will destroy those who work with you and ultimately could easily trigger the downfall of your business.


Take change by the hand before it grabs you by the throat.