One of my favorite bloggers – Fred Wilson of A VC – wrote an article back in January called “The Fiscal Mess: Death By A Thousand Cuts.” As I look back on this post, it reminds me of several decisions I made as CEO. At the time of the sequester, everyone claimed that if it went through the economy would tank and we would plunge back into recession. Now six months later the effects of the sequester appear minor at worse.
Many times when I had to make significant cuts in the budget based on economic conditions, I worried what the impact on the company would be. Each time – in hindsight – I was surprised how small the impact was, and in some cases it even made the company better. Don’t let fear of the future stop you from making the necessary decisions in a timely manner.