Ready or not, here it comes!
This is NOT a scare tactic. It's merely a fact. All the signs are pointing to recession in the not so distant future and for those who cannot see that or think that it can't happen again or simply won't happen again are sadly mistaken. The real estate market is drying up and becoming dire for most agents. Small businesses are struggling to make ends meet. Their expenses are exceeding their revenue. Families are having to make cuts again in their budgets and go without. However, it's not all DOOM and GLOOM if you're prepared and ready to take the necessary steps to create sustainability in your personal and business finances.
Every single day I talk with business owners and entrepreneurs about what's happening with their businesses and I am seeing a wider gap between and "haves" and "have nots". What is one doing that the other is not? It simply comes down to the information they have and their understanding of the situation and moves to make. Think of it like a chess game. There are experienced players that can foresee what's happening and others that are sitting there waiting for the opponent to make their next move. Don't be the latter.
So, how do you get yourself ready for the hump and what moves do you make? Over the next few weeks, I will be shooting webisodes on what you can do to get your business ready and how to cut necessary expenses and improve the overall sustainability in your business.