While kneeling down to pick up a paperclip off of the floor of my office, I was reminded of a book that I read about 3 years ago. (Unfortunately, the name of the book escapes me right now, but I will check my bookshelves at home so that I can properly credit the author.) At the time, my company was going through what I perceived and believed to have been a difficult time. Little did I know that we would all soon be facing possibly the most challenging economy in nearly all of our lifetimes.
I turned to the book for some direction and solace. And the primary theme of the piece was an emphasis on utilizing simple tools and making common sense decisions in order to succeed as a small business person. One chapter in particular resonated with me. Short and to the point, the chapter extolled the virtues of the business person who took the time to bend over, pick up the omnipresent paperclip on his or her floor, and reuse it. This was, of course, juxtaposed against one who might simply walk past the object or one who might pick it up only to discard it.
This was and remains less of a lesson in “going green” than in a simple truth: small business people must never become lazy when it comes to conserving. The simple act of reaching down and picking up a paperclip for its reuse at a later date is a powerful statement made by the business owner that there is just no room for waste. Acts like these can set the tone for entire corporate cultures.
While I believed this to have been true when I read it, it may never have been more relevant than it is today. Companies in general – and smaller businesses in particular – must use all means necessary to conserve capital. This is because the conservation of capital in a recessionary economy equals survival.
This philosophy, coupled with some of the solutions offered by Bay Harbor Capital, like merchant credit card cash advances, accounts receivable financing, and equipment leasing, will make the difference between those companies that are able to weather the storm of 2008 and thrive in 2009.
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2 comments:
Great article for the small business owner. I will have to read that book.
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