There is no true safety in status quo. From the stock market, to sports to business as a whole, change is constant and inevitable. Yet, many business leaders too often think they can thrive — or even survive — by doing the same thing over and over again.
Companies that follow this “status quo mode” are looking for trouble. Customers today expect more than the same old thing. Those who avoid new concepts, new ideas and new initiatives can face decline, decay, and eventual ruin.
In 2017, more practices in the valuation arena shut their doors than had occurred in the previous seven years combined. This was not due to a bad economy. Instead, it was fueled by fear of change and a failure to bring dynamic vision to stale companies.
Newton’s First Law of Motion states that a body at rest will remain so unless acted upon by an outside force. It’s the same in business. Stand still if you prefer the comfort zone. But don’t be surprised when competitors devise new marketing concepts that leave you standing in the dust.
At Program Insurance we never stand still. We will bring dynamic ideas to the firms we serve. We custom design our policies according to the specific services that you offer and bring extensive industry expertise.
Learn more about the dangers of the status quo in my video below.
Program Insurance specializes in your industry so we have the know-how to ensure you have the right coverage for your business. If you would like to see how Program Insurance can help you improve the sustainability of your practice, let us know.