"Our cost to acquire business has tripled over the same quarter last year, resulting in revenues that are less than half. We laid off 70% of our workforce. Our business relies on discretionary spending which is way down in Denver. On the bright side, we are becoming lean and mean. When the economy comes back, we will scale up more slowly than before placing an emphasis on higher profit margins." - Matt Landauer, CEO, ProWorks Flooring

"During the past quarter we invested time developing our strategy for converting T12 and T8 Fluorescent fixtures to T5 fixtureswithout removing the existing fixture. Our solution is fast and simple to install and will save up to 60% of the energy used by fluorescent lamps that are not using electronic ballasts. Sales start in September 2008 and we estimate that our product that will save enough energy and reduce green house gases by an amount that would require 300,000 trees to offset." - Patrick Whittaker, CEO, Reset Electronics Inc.

“We know who we are, and we know what we specialize in. It’s easy to become a lot more than what you started out to be. You then get too diluted from the core message of who you are. It’s hard to manage that. I find lots of companies either stray from their strategy, or know what their strategy is, and don’t know how to execute.”
- Ken Wolf, CEO, Revelwood

“Staying focused on our value proposition and providing excellent customer service has worked for EssentiaLink [ during this recent economic downturn]. Our patented process enables us to give our customers an unparalleled array of competitively priced products and services from a single source.”
- Bill Douglas, CEO, EssientiaLink

"Economic downturn is an opportunity to hire quality people."
- Jason Beans, CEO, Rising Medical Solutions, Inc.

“You’ve got to be constantly improving your products and services. Understand your customers’ pain points and deliver solutions addressing those areas. Customers want solutions that are low maintenance; they want to ‘set it and forget it.’ I see this economy as an opportunity to tighten up operations, get closer to our customers and gain market share. When the economy turns around we’ll be ready and in a position to really grow profits.”
- Jeff Lem, CEO, qdata

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