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Dec 8, 201612:57 PMMaking Madison

with Buckley Brinkman

Presidency change? It’s the same old, same old

(page 2 of 2)

I believe this is a perfect time to move forward because the fundamental business trends have rarely been clearer — and one will overwhelm all the others. As I’ve been saying in this space, the skills gap is quickly morphing into a body gap. We will not have the people we need to continue with business as usual. The businesses that address this trend with an integrated strategy that includes talent, technology, and techniques will find new opportunities to expand their operations as competitors struggle to react.

So, don’t buy the hype. We’ve seen uncertainty around presidential transitions before. This time is no different. Take advantage of the situation and make the small bets that will move your company forward. If you’re paying attention to the fundamentals and moving decisively, you will be ready for anything that emerges from Washington.

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Dec 9, 2016 05:43 pm
 Posted by  Anonymous

Well I have put off retirement until see where the medicare costs go and social security so that is one body. But I have also evaluated my business plan for my on line business next year. Given my market I expected an uptick in sales due to the overtime rule changes - they are now on hold and may disappear. I am already getting art consignments from freelancers who depend on the affordable care act (especially folks in their 40's and 50's) and are preparing for major changes. Expect some shifts in that market and the gig economy next year. This will continue as people learn more details about what is going to happen - the affordable care act through the marketplace reduces medicare costs- medicare is a key role in maintaining a health care infrastructure in many Wisconsin rural counties. As the affordable care act ends or changes there will be major changes in those counties. over 50% of the population is waiting to see what happens because they will be affected by health care changes, social security changes and changes in tax codes (which may not be all that rosy for many given the basic details- some people will lose benefits and see their taxes flat or increase) I expect we will see some slowing in local expenditures by families as details come out. It also probably is a good time to sell off any property near water as it will be rising whether we all believe in climate change or not. Also be careful with your taxes as there will be more audits like under Reagan (and on small businesses under Walker) I have lived 66 years and weathered a number of bad eras. You don't shut down shop- you persevere but you don't go into them blind either. Learn the details!

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About This Blog

Buckley Brinkman is executive director and CEO of the Wisconsin Center for Manufacturing & Productivity and writes about the manufacturing sector in Greater Madison and throughout Wisconsin. He has a breadth of experience in helping companies drive growth, world-class competitiveness, and performance excellence, and has led efforts to save dozens of operations in the U.S. by finding new ways for them to compete. A Wisconsin native, Brinkman holds a business degree from the University of Wisconsin and an MBA from the Harvard Business School.

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