Fall 2013 Issue of Horizons

Seek Opportunities to Acquire Businesses and Recruit Talent All of our competitors may not have fared as well from the economic downturn. Perhaps their teams have grown weary of the stress of the economy, do not have the energy to continue with enthusiasm, or simply have not recovered. Many great people are employed by these companies and they may be looking for new opportunities in an organization that has the energy, ability and enthusiasm to tackle the challenges ahead.

Growth by acquisition and/or by talent recruitment is an exciting lesson learned from the financial crisis.

Attend to Your Personal Financial Affairs The stress of managing a business in difficult economic times sometimes causes us to lose focus on our personal financial situations. All energy is poured into stabilizing the business. Yet our personal financial well being is what will make the difference in the long run in the quality of the lives we live. Having a good handle on your personal financial position and a good plan for your personal financial future provides the comfort and stability needed to help weather the next financial storm.

I am sure that our readers can share many more lessons learned and I encourage you to do so by contacting me at james.castellano@rubinbrown.com. Experience is the knowledge we gain from the “school of hard knocks.” Those who survived the financial crisis have a well- earned degree and can now put it to good use by focusing on the future with lessons learned from the past.

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