For many, the idea of owning your own business and being your own boss is alluring: you set your hours and you alone reap the rewards of your endeavors. Unfortunately, the road to success is often paved with many perils: employee costs continue to spiral as do the cost of goods; increased competition from other companies both here and abroad; more regulation from local, state and federal agencies; etc.
No successful company can survive and grow without a well researched and clearly articulated strategy.
Most organizations will eventually face hard times. I am suggesting that organizational leaders see this event as an opportunity rather than a trauma.