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A crisis is a terrible thing to waste
So what if the economy is hitting a rough spot? Once you’ve invested more in your customers, cut off the dead limbs, watered the good ones, and given your employees a chance to really shine your company is going to be stronger. If you have cash, there are great deals to be had, if you have good credit, banks are still lending. Everybody is willing to negotiate. It is a buyer’s market. Warren Buffet said “be fearful when others are greedy and greedy when others are fearful.” Right now high quality talent is plentiful, there are many exceptional talents looking for work and many that will work at rates favorable to your clients’ new reality. Start the hunt, hire people you couldn’t afford 12 months ago, whether full time, part time or as a contractor.

ACCOUNTING PRINCIPLES & STANDARDS: AVOID THEM AT YOUR PERIL
Accounting principles are the basic assumptions, rules of operation, and essential characteristics that make up the framework for the construction of accounting financial statements. This article discusses the difference between principles and standards and why they are important.
Sorry, Guys — Time's Up!
It's clear that midlife hits men harder than women, because men lack the social network that supports transition. They're also culturally disinclined to listen.
Looking into the Heart of the Beast
Sometimes, even after the midlife transition, your emotions still be volatile. Yet, when that happens, you will have learned some good tools to handle them.
Anger - the Hidden 'Gotcha' of Midlife
The infamous midlife crisis exhibits a confusing tangle of emotions. At its core, the central feeling is anger. Until that's resolved, you're most likely going to stay stuck.

Other basic assumptions Related Articles

One Key to Strategic Planning is to Confront Your Assumptions
Strategic planning is designed to help companies go beyond surviving to thriving. However, there are certain dangerous assumptions that can take any company down the wrong path. Read a story that may help you explain how those assumptions actually work.

Death by Assumption: Why Great Planning Strategies Fail
To often, assumptions are not clearly identified or managed so that when a plan goes south, there is no way to go back and reevaluate or manage the original assumptions. The absence of "assumption management" is a common cause of the death of many strategic plans. Assumptions must be stated, debated, and continually reevaluated as the plan goes forward. We've provided three practical steps you can take to manage your planning assumption.

ACCOUNTING PRINCIPLES & STANDARDS: AVOID THEM AT YOUR PERIL
Accounting principles are the basic assumptions, rules of operation, and essential characteristics that make up the framework for the construction of accounting financial statements. This article discusses the difference between principles and standards and why they are important.
Controlling the Assumptions in Your Sales and Marketing Strategy
When you incorporate a new strategy into your service business there are certain assumptions that are made upon which the success of your strategy relies. These assumptions need to be monitored and controlled to give your company the greatest chance of accomplishing your stated objectives. The assumptions we make as business leaders are limited to two primary areas: 1) the external environment and how it will change, and 2) the industry in which we operate.

Distressed Real Estate Continues to Grow
In preparing the federal budget proposal for the upcoming fiscal year, the White House and the Office of Management and Budget (OMB) made a number of assumptions regarding the economy's direction. In almost every respect, those assumptions have been proven to be overly optimistic.
Assumptions Are Conversation Killers
Assumptions can really derail a conversation. Don't make assumptions about the other person when you are in conversation. If you find you are making assumptions, test them out. Ask, "Why do you thing that is so?" Remember, in many cases you really don't know what the other person is thinking or feeling. To quote Bernard Shaw, "You think you do; but you don't."
Assumptions Anyone?
Social media gives power to our assumptions. If we're viewed as leaders in our fields - our assumptions are often taken as facts by our audiences.
Assumptions
How often do assumptions step in to define our beliefs, our actions and our very lives? We all know the old rule about what happens when we assume. Yet, I find in my own life that no matter how much I say I won't make assumptions - I still do.
MIND TRAP: When we don’t question assumptions
Steve Major discusses the second of five mind traps that can kill smart decisions - when we don't question assumptions. All of us have various beliefs as to what works in a business. We have various ideologies. You could say that we have entrenched thinking. But to make a smart decision we need to be aware of the fundamental assumptions that are in play in the alternatives we are looking at.
Are Your Assumptions Limiting Your Possibilities?
You (and I) make assumptions many times each day. Even though some of them may be backed by factual science, most of the time, those assumptions are just plain wrong. Don\'t let your assumptions limit your possibilities.
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