The Current Economy - Lemons or Lemonade?

by Derek Ezovski July 22, 2010 11:37 A

I have been reading quite a bit regarding the economy lately.  Wow...is that depressing.  Double dip recession, gulf oil spill, commercial real estate collapse, unemployment issues, small business lending down, record high debt, etc.  While I do not like to dwell on the negative, those are a couple of the not so fun phrases/concepts that I came across.

Understandably, I think the general feeling in the press and within many of our peers seems so negative that it is tough to be positive.  However, learning more about our clients (both current and prospective), developing more strategic partnerships and trying to assist all of these folks manage through these tougher times in the most efficient and cost effective manner possible has proven very beneficial.  We have been actively helping lenders, environmental consultants, and many other risk management professionals explore and develop new processes, solutions and strategies to best react to this economic time.

In many ways, since companies are often resistant to hiring due to the uncertainties in the economy, ORMS' business model has been received quite favorably by allowing for expertise and industry knowledge without the long term capital investment.  We have so many great partners and relationships in the industry, it has allowed us to match the right solutions to our clients which helps generate trust and deeper relationships.  This has included sales, marketing and other strategic consulting, as well as traditional risk management programs.  It has also resulted in many more opportunities for us which we are quite grateful for.  We are trying to make the old adage "Making Lemonade out of Lemons" for both our company and for our clients work.  I will post some examples of this in the future.

If we can help our clients via our products, services, and partnerships, we will for sure turn this situation into a positive one.  What are you doing in the current economic environment to make "lemonade"?  Let us know if we can help. 

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