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How Do Businesses Best Maximize Profits?

Monday, October 1, 2012

The Society for the Advancement of Consulting® has asked its global members to comment on likely business results and reaction post-U.S. election.

Dr. Maynard Brusman is a San Francisco Bay Area executive coach and consulting psychologist. He is the president of Working Resources, a strategic talent management consulting firm (www.workingresources.com). He is a workplace expert and offers a few insights:

"Dr. Brusman notes, we are in a high-anxiety economy from now until the November elections and likely beyond for some time. The sad fact is that anxiety over the economy isn’t likely to dissipate in the near future. No matter who wins, after the elections it will be easier for businesses to assess how to invest resources. China’s pursuit of resources may be a threat to American prosperity.

"Businesses find it difficult to plan when they are uncertain about what consumers or government will be spending and when they don't know what their future tax rates will be. One major reason businesses are reluctant to hire right now is because they are uncertain about future revenues. Businesses also aren't hiring because they don't know how additional employees could affect the taxes they will pay or what their healthcare costs will be in 2013. Businesses want to hire more but many won’t. Companies are instead extending the workweek, hiring temporary workers and adding part-time employees. In my view, positivity and optimism will help fuel growth for innovative companies with enlightened and visionary leaders."

 
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