Monday, January 29th, 2018

Top Five Business Challenges

“What you are tomorrow begins with what you do today.” – Tim Fargo

Hinge Research Institute recently surveyed 801 professional services firms of varying sizes and was able to determine the top five business challenges facing these firms.

  1. Attracting & Developing New Business – 75% of respondents cited this as their top challenge.
  2. Finding & Keeping Good People – As boomers retire, it’s increasingly urgent for firms to secure strong talent.
  3. Leadership & Internal Change Issues – You need high visibility experts.
  4. Technology Issues – Technology can be a challenge and an opportunity.
  5. Commoditization of Services – What sets your firm apart from competitors offering similar solutions and great service?

Read the entire article. Do these apply to you? How are you addressing your own top business challenges? Rapid change in the profession makes procrastination very dangerous.

Check out some of the Guides offered by Hinge.

Tomorrow, I will give you my insights about No. 1 – Attracting & Developing New Business.

  • "Hard work spotlights the character of people: some turn up their sleeves, some turn up their noses, and some don't turn up at all."
  • Sam Ewing

Leave a Reply