Posts Tagged ‘Recession’

Trends of 2010

Thursday, January 7th, 2010

Let’s face it, 2009 was a difficult year for many businesses. While some did experience profit and growth, for most it has been a year of consolidation and survival. As we move into a New Year and new decade it lends hope that we are leaving the devastation of the recession behind, and according to Jan Hatzius, Chief U.S. Economist at Goldman Sachs, we just may be!   He made the recent statement “The recession is most likely over as it appears the economy has stopped shrinking, posting modest growth over the last quarter.”

At the start of every period of growth, experts always identify a series of trends that businesses will move toward. After extensive research I have determined the top two trends that will immediately impact your businesses growth are green practices and digital technology.

Going Green:              

Thanks to government incentives and changing public sentiment, clean energy’s popularity has risen to new heights.In 2009 the positive impacts of energy efficiency became a hot topic and awareness about the importance of Going Green spread globally. President Obama’s vision of energy efficiency creating jobs and healing our economy created a stimulus plan that poured billions into renewable energy. Energy efficiency was a central component of every one of the climate bills debated in Congress in 2009.

Not only is the Government allocating huge amounts to the movement, but according to Cleantech Group, an industry research firm, venture capital investment in clean technology–including solar, biofuels, batteries and the smart grid–overtook IT and biotech for the biggest piece of the VC pie. The sector swiped 27 percent of all investment dollars in the third quarter–that’s $1.6 billion!

Green issues will continue to dominate political and business agendas now and in the future; your business can largely benefit from this. I am not suggesting you change your existing infrastructure, or start selling Green products, but by being an environmentally-conscientious business, you will set yourself apart from your competition – people feel better when they can take the “green” option without sacrificing quality and service.

This is not a hard task to undertake.   Look for green alternatives in every area of your business: For example, implementing Virtualization  into your IT infrastructure will save space and energy.  Avoid sending paper invoices through the mail and opt for paperless email, pay all of your bills online to avoid the use of paper, any paper you do use recycle.  Businesses that make a genuine commitment to going green often find that the cost savings and personal reward of contributing to the health of our planet are as great as the positive PR their business will receive.

Check out these green trends and boost your bottom line.

*As a side note there are a lot of little things we can do as individuals to lighten our carbon footprint, MSNBC has a great article that provides easy tips to make a difference.

 Digital Technology:

I write about the significance of technology in today’s world a lot and the amount of research I do on this subject always has a consistent tone:  It is MOST CRUCIAL component of your business!  It is important you identify the technology you need to strengthen and grow your business.

The internet is and will continue to provide the biggest opportunities for businesses. No other location or Marketing strategy has ever made it possible for a business to reach so many targeted customers.

If you are or were looking into entering into the Industry, apps are the way to go. More and more people are relying on their mobile devices and the as the web continues to move to wireless, this industry is there for the taking. Innovative ideas that bring technologies together will dominate in 2010. To help with this, Microsoft, Apple and Google have all launched third-party mobile app markets – so there really is money to be made here. You don’t need to be a computer developer to create an app. If you have an innovative idea there are plenty of freelance programmers out there who you can contract to do the work for you. Apps are only one thing to capitalize on out of the many upcoming digital trends.

Budgeting for IT: Budgeting to Win

Tuesday, August 18th, 2009

tightening-budgetEvery successful company has a budget. What’s in your budget? More importantly are you budgeting to win? Winning means maintaining existing, and forging new, sustainable business relationships. And if you don’t yet have a budget, get one for free, courtesy of Intuit. If you are not budgeting for IT you are not budgeting to win. In the greatest economic downturn since the Great Depression, most businesses today are drastically cutting costs, according to a recent New York Times article. But at what cost have these cuts come? How is your business performing? According to the NY Times article, a beneficial cost cut is moving away from in-house operations and toward contracted relationships.    

Never before have companies depended so much on technology for their day-to-day operations. When this technology fails them what do they do? Who do they call? StoneHill Technical Solutions partners with small businesses to insure their IT environment is maintained at the most optimal performance level. And it is StoneHill’s winning combination of performance and customer service that makes them a coveted team member and outsourced computer services business partner.

By budgeting for IT you are investing in a critical component of your company’s operations. What does your workplace look and feel like in the event of a computer crash or a server crash? What happens when e-mail is down? StoneHill Technical Solutions is your winning relationship. You can’t afford a monthly expense for computer service? Can you afford to go without use of your computer or deal with a failed network for a day? What you probably cannot afford is long-term contracts and non-performing partners. StoneHill Technical Solutions is the partnership that will keep your business infrastructure running smoothly and efficiently, 24 hours a day, 7 days a week. Take advantage of StoneHill’s free network review today and let them share their findings with you and help you to win!

Author: David Meacham