For Rhode Island businesses the dawn of a new year brings both hope and opportunity. Any business that navigated the treacherous economic waters of 2009 naturally takes pride in survival while looking ahead to smoother sailing.
But as the winter 2009 Providence Business News biannual survey showed, there is also much uneasiness in the business community about what the new year will bring.
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
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While time will tell, businesses that seize the opportunities 2010 will surely present to them have a chance to not only survive but thrive.
PBN spoke with 10 business and community leaders for their take on the most important thing businesses need to know in 2010.
For example, Thomas W. Kelly, president and CEO of BankNewport, urges small businesses to “realistically examine” their prospects before seeking a loan.
In technology, good things often come in very small packages. Jack Templin, a Providence technology consultant and entrepreneur, expects a proliferation of small startups in 2010. Cheaper costs will create opportunity for those who are creative, resourceful and dare to succeed, he says.
“I’ve seen projects … that I know would have cost a couple of million dollars a [few] years ago done for next to nothing,” Templin said. •
Ten Things You Need to Know
- In tech, the young shall lead through startups
- Time is right to expand, build office space in R.I.
- Businesses can build on lessons learned in 2009
- Artists must adapt, sell themselves in downturn
- Commission to outline effects of LNG platform
- Dining as affordable entertainment
- In politics, 2010 is time for decisions
- Wind farms may impact energy rates
- Higher ed. working toward skilled work force in R.I.
- Re-examine viability before seeking loans
