As the credit crunch causes an economic downturn and then a full blown recession, the role of the interim manager becomes ever more critical for business success. The benign economic conditions of the last fifteen years mean that many businesses and business managers have never seen the effect of a recession first hand and the current tone of media reporting is generating a climate of fear. The majority of interim managers worked through the boom and bust years of the late '80s and early '90s and so have a lot of help to offer businesses steering through the current choppy waters.

Business Impact

There is no doubt that all businesses will be affected, even the strongest ones will need to change and inevitably the weakest most badly managed businesses will fail to survive. The key to a secure future is to assess the likely impact of the current trading conditions and take the required action early enough for it to make a difference - our 'Business Survival' article will be published in the next few days.

If you have concerns about your own business then you will find help on our site! You can approach any of our members directly or you can use our bespoke search service, both options are extremely cost effective. Our members should offer an intial meeting or consultation free of charge and in many cases this will help you clarify exactly what services you need. After that you only pay for the services provided and the experienced interim manager will very quickly be able to provide support to your business.

Interim Impact

At the current time there is no clear view of the changes in the marketplace, some of the interims on our site are reporting a significant slow down in activity whilst others have never been busier. Generally interim managers are in demand during significant periods of economic growth and downswings in the economy and this looks set to continue, although the marketplace is becoming increasingly competitive.

One common theme is the increased number of companies wishing to avoid agency fees and so approaching interims directly, via the internet or networking contacts. More than 70% of business is already won directly and we believe that it really is worth putting effort into your networking and quality direct &  internet based marketing. Read our 'Ten Top Tips for Interim Managers' for useful advice.

Finally

Plato's People is run by executives with many years experience in business, we are genuinely interested in helping our candidates and business customers, get in touch and there will be no 'hard sell'.

We will make every effort to assist you.