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.
If you want to receive the details, reach out to me. I will send it to you.
Send me your name & email to: stevenbtx@gmail.com or https://LinkedIn.com/in/stevebrody