Day-to-day business management can transform into a grind over time. Businesses that don’t look to the future can readily find themselves bogged down by on-site setbacks. And yet, Corey Shader knows that midsize companies that craft deliberate, forward-thinking strategies for development are more likely than their peers to see success in their fields. That is especially true in the years that follow an economic recession.
2020 will go down in the books as a major year of recession. Considering the stark severity of the early COVID-19 pandemic, this makes sense. Midsize companies, however, are now faced with the need to make up for that loss.
To develop a comprehensive understanding of how recessions impact midsize businesses, a recent study examined their success in the years preceding the recession as well as those immediately after. It came to light that businesses that went on the offensive during the recession—that is, businesses that invested, hired additional employees, and displayed economic competencies—had tremendous success in the recession’s recovery years.
In short, the 2008 recession allowed interested companies to hire ambitious employees, acquire new outlets, and develop new technologies. What’s more, this year ensured that each business’s team had time to address backlisted consumer concerns, increasing their brand reputation even as intake around them took a nose-dive.
In light of the 2020 recession, there’s reason to believe that similar strategies may merit similar results. While sales from 2020 may have been mediocre at best, the ambitious business cannot get bogged down in those losses.
Instead, midsize companies looking to make up their losses – and then some – are encouraged to strategize with that growth in mind. Hire additional personnel to take on specialized projects. Take on new and exciting research projects. Take advantage, too, of government financing, as it can fuel a midsize company’s reach into new fields.
That said, no business has to go on the offensive alone. Outlets interested in expansion can reach out to Corey Shader for guidance. Shader specializes in providing startups and their more established peers with the tools they need to succeed in their fields. He brings real-life experience to a client’s initial consultations, taking from his own time as founder of companies like Insurance Pipeline Inc.
Any parties interested in learning more about the best offensive maneuvers in their fields can contact Shader for information about asset speculation, real estate investments, and even personal growth.
About Corey Shader
Corey Shader is a self-made entrepreneur, consultant, investor, real estate developer, and founder of several companies, notably Insurance Pipeline. Operating primarily out of Ft. Lauderdale, Corey’s endeavors span across the nation, consulting for start-ups, and sitting on the board of digital media and senior healthcare agencies. As a consultant, Corey helps young businesses develop sales funnels and maximize profitability. Shader takes pride in challenging others to push themselves to be their very best — he believes in constant self-improvement, inspiring others through sharing his own life experiences.