Ephor Group is a Management Advisory firm that provides Useful Capital and Management Science to create wealth producing enterprises.
In This Uncertain Economy, Performance Will Be Driven by Effective Management.
With today's sluggish economy, it’s more important than ever to refine your operating model, key processes and functions to match costs and decisions in real-time to protect your earnings and assets.
The majority of businesses, especially the small business sector (which has historically represented the majority of the US workforce), face many difficult management challenges:
Overall, the small business sector is in maintenance mode. Growth will be anemic until companies effectively update their strategy and refine their business models to account for this new economic environment.
While the administration has extended SBA recovery loans the actual disbursements to small business has been minuscule and the deployment amount that has contributed to jobs or growth is even more insignificant.
As a result of all of these uncertainties such as economic, healthcare, tax policies, regulations, decision-making for the majority around any hiring or spending is in “maintenance mode." Until sales pick up, many executives are frozen. But, what executives need to understand is that only with a change to their strategy, offerings and business processes will they be able to unfreeze themselves.
Only the most efficient and most resilient business models will create wealth. To protect your business the majority of the following measures are required:
Success in this economy will be a direct result of increased skill and effectiveness of your entire executive team. Businesses must remove people dependency to create scalability while simultaneously investing in your people to increase the probability of success.
While this uncertainty poses a challenge, significant opportunities do exist for growth through innovation and investment. Nimble businesses that can respond and change to effectively reposition and compete differently and better.
What can and will promote job creation and economic growth in 2011 and beyond?
Businesses that combine technology and services create “stickier” relationships with customers and thus higher valuations.
Businesses that update their strategy and operating model to be more efficient than the competition with less people and less fixed costs.
Focus on niches where you can be #1 or #2.
Implementing your strategic vision within the constraints of available capital and resources makes owning and managing a business a real challenge.
Today’s difficult economic climate and operating environment creates complex challenges to creating exponential growth. The current economic realities place more stress and new constraints on leadership to make the right decisions and adjust their financial models and business dynamics. In this new economic reality, it’s critical that leadership maximize the entire spectrum of opportunities, including those initiatives around M&A and Corporate Development.
By employing specific tactics, processes and best practices that mitigate both investment and execution risks, your business objectives can be achieved, even in this most difficult economic environment.
Assuming you followed our guidance in 2010 and indeed created new product offerings, improved your go-to-market tactics and operating efficiencies; our research shows that the top barriers to overcome in 2011 include:
We trust these Economic Realities & Guidance for 2011 will provide insights and support as you plan your successes in 2011. The Ephor team wishes you the best of luck in 2011!
“The goal is wealth creation by driving shareholder value through the use of efficient growth methodologies and experienced execution,” said Garry E. Meier, Chairman of Ephor Group. “Creating wealth is all about creating the qualities of right: the right strategy, with the right people, with the right model, and the right business process. Our approach provides the required operational execution support and risk mitigation strategies that every enterprise warrants.”