According to
the National Association of Manufacturers (NAM), the Budget Control Act (BCA)
of 2011 will result in over one million private sector jobs lost, including
130,000 manufacturing jobs, in 2014. (To
read the entire report, please visit www.nam.org/defensereport.)
We recently participated in a Government Procurement Conference, and it was
evident that the impact would be felt most by the small-to-mid sized
manufacturers and service providers in the supply chain. Going into 2013, post-election,
there was high anticipation of contracted projects scheduled for release. The mood
changed as the March 1st deadline drew near. The worry increased
today as there is no end in sight to the political battles of tax revenue vs.
government spending.
So, what are
small businesses to do to stay afloat in spite of what’s occurring in this
Congressional nightmare that’s negatively impacting economic growth? I heard
this sermon from Psalm 37 taught a few weeks ago and it applies to our work
season. While waiting for good works without worry, we must
1.
Trust and continue to do good by your employees,
customers, and communities. This season of stagnation cannot last forever. Know
that better days lie ahead and that you will be rewarded for your consistency during
troubling times by your key stakeholders.
2.
Delight yourself in the Lord and He will give
you the desires of your heart. It’s a blessing to employ good people in good
jobs. Take the slow season as an opportunity to review processes and to implement
best practices that will help your team to be more productive for when the work
is released.
3.
Commit to the Lord and do His will. This is not
the season to quit, just because it seems hopeless. Sometimes, dire
circumstances are necessary to highlight what’s important. Manufacturing is the
backbone for sustaining the economy. Arbitrary cuts to the defense
manufacturing supply chain and those employed in the military and as defense
contractors, will result in lower disposable income and reduced consumer demand—creating
a ripple effect across the entire economy.
4.
Be still and patiently wait. Do not worry when
people succeed in carrying out their wicked schemes. Divine intervention will
intercede for conventional wisdom on the far-reaching impact on man-made
problems over these United States national security and economy.
Over the
last few years, I have learned that owning and running a profitable business is
not for the faint of heart. I have learned to wait on the Lord to receive new strength
to continue to endure and not grow weary. I have learned that success or promotion
does not come from natural man. We place our hope in the Lord, that we are
doing His will. And if so, our reward for our good works is peace and prosperity.
Don’t worry…the best days of manufacturing lie ahead of us.
The
executive summary of the NAM report can be accessed for a limited time from the
following link:
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