Chief Executive Employment Index (6 month r=.84 lagged) |
The CEO Employment Index and the CEO Confience Index reflect a slow but steady rise since it's bottom in Q2 one year ago.
Q2 of 2010 shows an uptick, however modest, and with the survey one chief executive stated what I believe is happening under the radar. He says, "For those that do have strong balance sheets and access to capital and liquidity, the environment is ripe with opportunity for acquisition, organic growth and capturing market share.“
This tracks other data points from the Private Equity industry as well as Challenger, Grey and Christmas in the report from CNBC quoted earlier in this blog.
What does this mean?
There is fog, there is reality, and it is up to you to know the difference.
Helpful hits:
- Don't listen to the media. They have a vested interest in reporting that which will sell more advertising space.
- Know your industry and its challenges. Each industry is going to have a bumpy recovery, but knowing the specifics and what you can do to create value is invaluable.
- Get out there and discover the truth. Do your own personal research and know that those who really do make a difference will find opportunities.
- Don't wait for things to turn around. The absolute worst thing you can do is quit until things "get better." Quitters never win and winners never quit!
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