Challenges, Choices and Opportunities for Companies
 1014_ 5/19/11 - We are with Chris Pelley; of course Chris captured our attention years ago. He is very active in the community, he's on the board for ACG, and passionate about social entrepreneurship and involved in many outreach projects and programs. He also is Managing Partner of Capital Investment Management Company (CIMCO) an independent financial advisory firm that specializes in wealth management, retirement planning, portfolio management and business transition planning. Having a good bead on the economic environment, Larry asked, "What are the biggest challenges companies face today?" Chris' humble reply, "That might be an easy one because I've heard it from so many people far brighter than I. But it really distills down to one word, uncertainty." Chris points out that we got a bit of a respite from Congress on the tax situation. But if indeed Adam Smith was correct that the wealth of the nation is its people at work, then we need to improve upon employment - most of that will come from small and middle market companies. In fact 65% plus. Whereas in France 15% of the jobs come from small companies. So how do we work together to bridge the uncertainty around tax policy? The cost of healthcare? And even the regulatory environment? Today in Washington DC there's some debate about cutting expenses and/or raising revenue. What about growing the economy? If we grow from a $10 Trillion economy, which we had in the year 2000, to a $14 Trillion economy which we had in 2008... If we can have a 3% growth rate that will more than generate the revenue we need at current tax rates, I believe. That's just my opinion. To improve the employment circumstances and get us back on track." Larry asked, "what do you think are the greatest opportunities today for companies?" Chris said, " Again, taking from some of what I've read in Forbes and the Economist and what have you. I think outcome of the cleansing of the Great Recession of the 2000s is that the weaker companies have been pushed aside so there's not as much competition. The stronger companies, the old Darwin issue around survival of the fittest, I think, creates some, or ought to create some enthusiasm for companies that have made it. I think employees today are more vigilant because they're concerned. No one can afford to be complacent. At the end of the day it's a lot better than it was in 2008-9, so we're headed in the right direction. And corporations have what, $2.5 Trillion in cash and our government has put a lot of money into our economy, so I think that things are looking better." Chris also has some great advice for leaders...listen for more...
Related Links: CIMCO || Social Entrepreneurs || ElderCareUSA || Lemonade Day || Social Entrepreneurship || ACG Denver Home || Keywords: Chris Pelley, CIMCO, Capital Investment Management Company, ACG Denver, Entrepreneurs, Challenges, Choices, Economy, Leadership, Tax Policy, Healthcare, Regulatory Environment - 5/19/11 bytes=5839206 LISTEN to Chris Pelley, Managing Partner, CIMCO Denver

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