Over the last several years, business have faced many challenging problems – operationally, accounting and economically. Operationally, the costs of materials have risen sharply and theft at job sites for scrap materials has increased. Energy prices are a significant component of everyone’s costs. Skilled labor is a premium. Accounting-wise, the implementation of the “new risk assessment standards” is behind us and we move onto other items such FIN 48 and FASB 157, 159 and 160. Economically, what has transpired in September in the stock market is unprecedented. The financial turmoil has a rippling affect across all industries.
So what’s next? No one can predict or even forecast the future. What impact will the U.S. Presidential elections have on everything? With all this uncertainty, how do you position and prepare your organization for the future? That in itself is what is next!