Friday, 22 October 2010

Budget cuts and how to survive them

It's been a week of conflict and argument, most of it about the economy.

The UK Government Spending Review was released, there are blockades and riots in France over changes to pensions, and the papers are full of (sometimes) well argued opinions about which sector of society will be most badly hit by the budget cuts.

But in the midst of debate, work still has to go on. Companies still have to deliver, organisations still have to perform. We still have problems to solve, and we still have opportunities to grasp.

Anyway, the teams, companies and organisations I've worked with over the last few years didn't seem to me to be drowning in floods of excess money. Maybe yours was, but I doubt it.

So how do we to survive the budget cuts? Reframe the lack of money as something to get creative about.

In any case, money doesn't solve problems. Ideas solve problems.

If the problem is important, it needs to be solved. If the idea is good enough, it has to be done. If the opportunity is great enough, the money isn't a cost - it's an investment.

When times are tough, and budgets are cut, try to look at the lack of money as just another problem to be solved by thinking creatively.

No money? Find someone who has money - or something else you can use to solve the problem. Who could we partner with? Who could sponsor this? Who else has this problem that might share the cost of solving it?

Think of new ways to fund things. New ways of paying the bill. New ways of doing business.

Let's get creative!

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