“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”—Bill Gates
It’s monday morning, second cup of coffee, markets are tumbling, the S&P has downgraded Fannie Mae and Freddie Mac in a move related to the US Treasury downgrade, the media and the blogosphere is buzzing about what this means…my sense is that this is the new normal.
The markets continue to answer with a single reaction to the uncertainty, “Sell first, ask questions later.” What does this mean for our economy? For your small business? In what ways are we going to be impacted?
No one fully understands the outcome at this point to answer these questions but I do think that the long-term outcome of the “Great Recession” of our lifetime is that work has changed, forever. Anyone care to share their thoughts on ways to best survive going forward?