Ours is a unique vantage point.
We have the privilege of talking with clients and prospective clients from a myriad of industries – all pushing through a difficult economic climate. Most are hopeful, others not so much. A popular business “strategy” as of late seems to be hunker down and wait. Waiting for the upcoming election, waiting for valuations to drop, waiting for valuations to rise, but waiting.
However, some recent conversations have led me to a series of entrepreneurs who are taking a different approach. These business people have surveyed the environment and decided that NOW is the time. They are contractors who have redirected their business into areas not before considered; accountants and auditors who are preparing for better times; young first-time business owners who have found a unique and exploitable niche from which to build a company. Risks? Yep. Fear of the unknown? You bet, but they are moving their businesses forward, and from these companies will spring our next generation of Colorado Springs business leaders. It’s important for all of us who own and manage businesses here in town to take encouragement from, and to support where we can, these locally-owned companies.
In the not too distant future, said firms will be our customers, vendors, competitors, but most importantly, job and wealth creators. We could use a lot more of that right now.