In The Next Recession You Can Make Money Rather Than Lose It
Do you remember the recession of 2008? For so many it hurt. Markets were plummeting homes were being foreclosed on and loads of were losing out on business profits ideas and projects that had taken years to get into place
But what were the most valuable lessons we are able to use now to avoid that very same pain or loss? I’ll always remember it
I first think back to what I used to be doing in 2007. It was a very good year. Our firm had a game plan with the messaging and marketing dialed in but we didn’t adjust it since the economy began to change
We weren’t current with or in tune to the problems and concerns of those we served and accordingly we watched our number of conversions and cash flow drop
Our marketing still provided a very good number of leads but people became hesitant of what the economy had in store and an analogous messaging did not resonate or work
With some tweaks and some basic preparation not only would we have continued to be profitable the changing economy would have fueled a lot more growth
Today we face the second longest period of time in US history with no recession. So what were those lessons and insights you learned from the last recession which can assist to grow during a downturn? When the recession eventually comes there are fundamental pieces to place in place to avoid the mistakes and missteps that bring on loss; but most significantly is with the ability to see how times like which are the largest opportunity to grow your wealth and business! As an instance a very good number of money will be reported as lost in the course of the recession but simply it’s just being transferred
The cash doesn’t disappear or evaporate it ends up in another person s hands
The question is how are you able to be a type of that’s being transferred to? If you’re prepared you’ve gotten the means to be a part of the reply and never stuck contained in the problem
Here’s a very simple and short list of things you are able to do to be prepared for the subsequent economic recession
Today we face the second longest period of time in US history with no recession. So what were those lessons and insights you learned from the last recession that should help to grow during a downturn? When the recession eventually comes there are fundamental pieces to place in place to avoid the mistakes and missteps that bring on loss; but most significantly is with the ability to see how times like which are the largest opportunity to grow your wealth and business! As an instance a very good number of money will be reported as lost in the course of the recession but absolutely it’s just being transferred
