Human Capital the Real Capital

Human Capital the Real Capital

As I sit here writing about the future I can sympathize with the weatherman. It does not matter how good your forecasting tools may be; things can change. As I look at the chamber today I would say that it is partly cloudy with a light drizzle, however, the long term forecast is sunshine and mild temperatures. Let’s address the partly cloudy part. Some businesses are doing well but they are not willing to invest the cash in expansion. For example, if you own a taxi-cab company and had been planning to expand, $3.00 a gallon for gas might come into play. If you think you can handle the $3.00 a gallon price you have to think about what retired President of Shell Oil, John Hofmeister, said; he’s predicting $5.00 a gallon gas by 2012.{{more}}When do we get to the sunshine? I’m not sure but it maybe 12 to 24 months away. I talked with a business woman yesterday who said that it will probably be a couple years for her. Despite a turnaround being a couple years away you could tell in her voice that she indeed see rays of sunshine through the clouds. However, for this individual she’s working hard keeping a good attitude and making adjustments to her business plan. How will the small business person navigate this partly cloudy economic environment? I believe that individuals will be more innovative as they approach ways to fund their business and keep them going. Traditionally we build a business plan and then take it to a bank to get financing. I’m sure that will continue but don’t be surprised if you see more collaboration between individuals. There will still be a need for the business plan but instead of looking for the right funding individuals will be looking for the right talent, the right association and the right synergy.I think we have to learn from the examples we see every day: Warren Buffett and Bill Gates, Wal-Mart and McDonalds, Taco Bell and Pizza Hut. It is an endless list of corporations and individuals that team up for the common goals of each other’s benefit. I believe that the Abilene Black Chamber of Commerce will continue to work hard to foster those types of relationships. We’ll be doing that in all economic environments. This is an excellent time to be a part of the Abilene Black Chamber of Commerce.