Part One of Advantexe’s Making Yourself Indispensable Series

As we enter the second half of 2023, there is a noticeable difference in the domestic and global Business ecosystems. A year ago, you probably heard of people being let go from their jobs. Today, you probably know someone directly. It’s been startling.

As we look at the economy, the foundational business indicators are in front of us:

• The Gross Domestic Product (GDP) is slow and decreasing
• The jobless rate is still low, but the amount of new jobs added is decreasing and the number of layoffs is increasing
• Consumer spending is decreasing
• Capital expenditures of businesses looking to grow are decreasing
• Inflation isn’t going anyplace soon

Based on these data and the research that Advantexe does every day working with more than 60 global clients, we believe that it is safe to forecast the second half of 2023 is going to be challenging and the expectations of businesses in terms of the contributions and productivity of employees is going to go up. There is something you can do to make sure you can do to help... become Indispensable to your organization. Indispensable means that your company, business unit, and team simply can’t live without you.

By becoming indispensable, you position yourself as a valuable asset the company cannot afford to lose. This not only enhances job security but also opens doors to numerous opportunities for growth and advancement. When you consistently demonstrate your expertise, reliability, and a strong work ethic, you establish yourself as a trusted resource that colleagues and superiors can rely on.

While there are many skills and capabilities that can make you indispensable, we are providing this three-part blog series which focuses on the core and foundational capabilities of;Business Acumen, Business Leadership, and Strategic Business Selling. These three capabilities make up the majority of the skill sets organizations need to be successful and having them can put you on the path of becoming indispensable.

Part one of our three-part series on making yourself indispensable to your company focuses on the importance of building, at the very least, foundational Business Acumen skills. Business acumen is defined as understanding how a company makes money, how your company makes money, how your customers make money, how your competitors make money, and executing a strategy to win in your chosen markets.