The Current State of American Business…

It’s called ‘hide and seek’

One of the truly great things about the Internet, and specifically the social media revolution, is the instant sharing of imaginative pieces that you wished you had created yourself. Pieces that express your sentiments, but written or produced with talent beyond our own. This week, two such rolled across my computer screen, that when their vastly different content is combined, eloquently state the real problem with American business today. No, I’m not speaking of recessionary pressures, bankruptcies, or even bailout phobia. I’m talking about timidity and price respect.

Mike Hegedus, the former CNBC correspondent and now media consultant, writes in his blog this week, “This timidity is in full blossom now thanks to the current uber recession.” He goes on to surmise that it’s not just the tightening of budgets, but the simple act of making the decisions to spend what is left that is the real problem. Hear! Hear! As the head of a Pay-for-Performance PR firm that oozes value and accountability compared to the traditional hourly fee model, I can’t begin to state the days and weeks we’ve spent waiting for companies to “meet to discuss,” to “get their ducks in a row,” to “pass this around the management team,” etc. etc. If anyone thinks that the most elusive thing in business today is a profit, you’re wrong…it’s a decision.

As a small business owner, I have complete empathy and respect for the process of expenditure evaluation and prioritizing those services that will provide the greatest return. But I also recognize something my wise grandmother (aren’t they all…) used to say, “you actually going to get something done today, or just sit around and think about it?”

But once that rare decision to move forward is finally made…then comes the real fun…”let’s see if we can squeeze even more out of that tightened marketing or PR budget…let’s make a deal.”
This YouTube piece would be hilarious if not so true.



Has this ugly recession driven companies to the point of treating vendors like used car dealers? Of trying to squeeze and manipulate pricing…often even after the service has been provided? And we in the PR industry are even more vulnerable to this practice because of the subjectivity of the product…and the vagaries of those aforementioned hourly fees.

Yes, I understand the need to derive the most value for least outlay. But if a PR company has actually delivered a tangible result as specified and agreed, not just an invoice for hours in trying to achieve the result, then respect the pricing and don’t ask us to choose what may be behind door number three.