Calculating the Recession – Small Business Strategy
on Tuesday, October 18, 2011Small business has been dealing with the impact of the economic downturn for years. You’d think we’d be used to it by now. I was reading one of my favorite economists and I thought the information would be helpful to you.
Reality check: are you considering the possible scenarios in your 2012 business planning? It is not all bad news. Food for thought below.
Excerpt from Bill Conerly’s Businomics Blog:
What Difference Would a Recession Make to Your Business Plan?
There’s more talk about a new recession these days, even though nobody feels like we have fully recovered from the last recession.
- Goldman Sachs apparently says the probability of another recession is 40%.
- The Economic Cycle Research Institute says we are now dipping into a recession.
- The renowned bond manager Bill Gross says that the global economy is at risk of recession.
What difference would calculating the risk of recession make to your business plan?
Read the rest of the blog here. (My recommendation: Add him to your subscriptions!)