June 8, 2023

Anne-Marie Rosser published in Forbes

How to accelerate your business during a downturn

Prior to her current role as CEO, Anne-Marie has served in several positions at VSA over the past 20 years, including Associate Partner of Strategy, Head of Client Engagement, and President. This depth of experience across different disciplines at VSA makes Anne-Marie especially adept at both steering the high-level strategic vision and ensuring its day-to-day implementation. Anne-Marie’s passion for leading relationships from a strategic, consultative perspective builds true partnerships that advance both business and brand, resulting in many enduring client relationships.

VSA CEO Anne-Marie Rosser was recently published in Forbes magazine with her piece, “How To Accelerate Your Business During A Downturn.” Check out an excerpt below.

The outlook for business right now can feel bleak. Few financial experts can agree on what the economy will look like in even one month. Prices are rising. Customers are nervous. And with such volatile economic headwinds, pulling back and waiting out the downturn might seem like a smart defense. But if we’re honest with ourselves as business leaders, we know that pulling back now is not a defense at all. It’s simply a form of paralysis.

As counterintuitive as it seems, I believe now is the time to play offense. And that doesn’t have to mean spending more. What it does mean, though, is acting bravely and reprioritizing your spend for better effect.

Throughout my decades of experience in the agency world, I’ve gotten insight into a wide range of companies and their tactics for navigating economic volatility. Often, we’ve been working right alongside them. The following tactics are certainly not an all-inclusive list, but they are the mindsets I’ve seen work time and again.

Define Your Constraints

As I lead an agency that cut its teeth in design, I can tell you that designers appreciate constraints—and they’re not alone. Reflecting on your situation and defining the challenges you face is always the best place to start.

A macro example: Most companies have the dual challenge of needing to address both the acquisition of new clients and the retention and growth of existing clients in any given year. But this looks different based on industry and where the company is in its lifecycle, i.e., its circumstances.

Less mature companies or those that are less recession-proof might still need to drive acquisition as the primary focus. Resetting to metrics that drive acquisition in the near term can help focus on limited resources. Conversely, many companies find that retention becomes the primary focus. This move to retention might mean that the budget shifts to more high-touch activations, such as events and in-person workshops—face-to-face time with clients to deepen relationships.

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