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There Is Security in Change... But Use Caution

 

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It has been said that the only constant is change. That statement, while true for everyone, it is especially true for those engaged in business activities.

Business is an environment based on change - competition forces change on us. Our customers and clients always want new products and services. They want those new products and services faster, cheaper, and better. If we can't provide them or won't provide them, our customers will abandon us in favor of those who will. If a business does not change to meet the changing needs of the marketplace it will not remain in business long.

Every day brings an element of change yet there are many people, including owners, managers and staff, who are resistant to change. They are uncomfortable with a feeling of being unsecured. And yet, if their business does not change or evolve to meet the challenges of the future their feeling of security will collapse as the business collapses from being passed up in the marketplace.

The road to a secure future is to embrace change-with-caution as the throbbing heartbeat of a business bent on success. A business that embraces change is tuned into the future and will find opportunities that others either don't see or will not pursue.

A business that embraces change must be devoted to life-long learning. As new technologies spring up, we need to learn how to apply them, to integrate them into our current business model and how to manage them into the model of the future. As new generations of customers come of age, we need to learn how to communicate with them and be relevant. As new competitors enter the marketplace we need to learn how to take our experience and rise above their challenge.

The company that knows how to learn and evolve is the company that is secure. The company that resists change, while it may feel secure, is going to eventually have change imposed on it by the constantly changing environment. Security is being prepared for the future. If your business is going to thrive in the future, find security in change.

Larry Galler coaches and consults with high-performance executives, professionals, and small businesses since 1993. He is the writer of the long-running (every Sunday since November 2001) business column, "Front Lines with Larry Galler" Sign up for his free newsletter at http://www.larrygaller.com

 

MORE RESOURCES:

BBC News

Kerry, Snowe, Schumer Push Sec. Paulson to Purchase Small Business ...
MarketWatch - 20 hours ago
John Kerry, Chairman of the Senate Committee on Small Business and Entrepreneurship, Ranking Member Sen. Olympia Snowe and Sen. Charles Schumer, a senior ...
Is TARP Really a TRAP? BusinessWeek
Is TARP Really a TRAP but is Scott Malkinson really Scott Malkinson? thestockmasters
all 271 news articles


Small Business Scene: Drager's Classics
Seattle Post Intelligencer - 7 hours ago
If you know a small business we should visit, e-mail us at smallbusiness@seattlepi.com. Jeri Drager sells cars from the heyday of the American automobile. ...


Boston Globe

Small-business loans still flowing
Boston Globe, United States - 5 hours ago
While Mainzer, like other small business owners, is worried about the slumping economy, "We didn't see a clampdown" in lending, she said. ...


Estacada News

UPDATE 1-Fed's Kroszner-small business credit access shrank
Reuters - 21 hours ago
... businesses have tightened substantially since last April," Kroszner said in prepared testimony to the House of Representatives Small Business Committee. ...
Effects of the financial crisis on small business: Governor Randall India Infoline.com
Fed's Kroszner Says Small Business Suffering from Lack of Access ... Cbonds. Info
UPDATE: US Officials: Econ Woes Big Hurdle For Small Business EasyBourse.com
PR Web (press release) - Insurance Journal
all 49 news articles


EPA Reform of SPCC Rule Benefits Small Business
MarketWatch - 14 hours ago
The Office of Advocacy of the US Small Business Administration is encouraged that the EPA listened to small business and included those provisions in the ...
Democrats Can Jump Start Recovery By Reinvesting in SBA Huffington Post
Hidden layoffs: Small businesses start to cut BloggingStocks
all 11 news articles


Small business focus of Detroit mayoral debate
DetNews.com, MI - 17 hours ago
The forum at the Charles H. Wright Museum of African American History focused on small business, and candidates testified about how they fostered economic ...
Detroit mayoral candidates make their cases Detroit Free Press
Detroit's top candidates favor a strong mayor DetNews.com
Mayoral candidates to hold forum Detroit Free Press
all 9 news articles


UPDATE 2-Intuit cuts outlook, sees small business cautious
Reuters - Nov 19, 2008
... software and for revenue from payroll and bill payment processing services, as its small business customers get squeezed by the deepening recession. ...
Intuit Q1 Loss Widens; Lowers Full-Year Forecast RTT News
all 45 news articles


Wells Fargo named top small-business lender in Texas
Bizjournals.com, NC - Nov 19, 2008
Wells Fargo Bank, NA has been ranked the leading small-business lender in both the United States and Texas, according to the latest Community Reinvestment ...


Wall Street Journal Blogs

SBA steps aimed to fuel small-business lending
Finance and Commerce, MN - 16 hours ago
by Finance and Commerce staff The US Small Business Administration announced two steps this week to improve access to capital for small businesses. ...
Small business loans dwindle The Tennessean
With Credit Tight, US Gives Small Business a Hand New York Times
Small-business seminar offers advice on financing Trading Markets (press release)
Earthtimes (press release) - MarketWatch
all 270 news articles


Evening Sun (subscription)

Small Business Committee to discuss growth strategies
Times Herald-Record, NY - Nov 19, 2008
By Christian Livermore MONTGOMERY — The Orange County Chamber of Commerce's Small Business Committee will present a discussion, "Help Your Business Grow," ...
Chamber honors local small business leaders Evening Sun (subscription)
all 2 news articles

Small-Business - Google News

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