If you watch any of the National news, it is hard to avoid the ongoing focus on……
So are we in a Recession? Or has a Recession not started yet?
Historically about every 7 years or so the U.S. economy enters a recession.
And then, after about 12 – 18 mos we leave the recession & return to a path of growth.
So what is the significance of this anyway?
Mostly emotional (driving anxiety) or mostly logical or factual? Following the moving economic cycles.
5 Areas that advisors tend to focus on, include:
- Internal Cost Reduction
- Communication with External Sources
- Asset and Credit Managment
- Personnel Resources
- Marketing Resources
There are suggestions and ideas in each area of the above to help minimize the negative effects of recession.
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