Debbie Downer reporting…Depending on whom you listen to, we could be heading for a serious world-wide financial crisis as early as the end of 2017. Are you and your business prepared to weather the storm?
No, I’m not promoting any anti-Trump policy here, this actually has nothing to do with him and he probably will not be able to stop it.
Think about ‘The Perfect Storm’ in a financial sense.
- China’s economy is in a bubble that is ready to burst.
- The European Union has been hit hard by several members going bankrupt and Great Britain is leaving.
- Japan has been selling negative interest bonds to try to keep money in the country as their seniors retire and the working class decreases.
- Brazil just hosted the Olympic Games and couldn’t afford to do it properly.
- Spain has such high unemployment that the states are threatening to become independent.
- Venezuela is literally starving due to low oil prices.
- Millions of refugees are fleeing Syria and flooding into Europe where there are not enough camps or jobs to support them.
- The US has been at war with Radical Muslim groups for 16 years at a median cost of $100BILLION per year, with no end in sight.
- The US will soon have 75 million Baby Boomers retiring and cutting back on their spending. That’s 23% of the population, just in case you were wondering.
All of the above points to a cycle of disaster that is just waiting for a tipping point. There are many economists who predict a world-wide collapse and stock market crash of biblical proportions beginning at the end of 2017.
My question to you is…do you feel fully prepared to survive the new economy when the crap hits the fan?
Things to consider:
- How would your market change if the stock market crashed?
- Should you put money in savings or invest more heavily in marketing?
- Are your products considered luxury items that people will stop buying in a down economy?
- Are your products or services diversified enough to survive a changing market?
- Is now the right time for you to retire, sell, or expand?
- Are there aspects of your business that are recession-proof?
- What would you do if you had to downsize some staff?
- Is this the right time to buy-out a competitor?
These questions and more are valuable to consider and discuss with experts.
If you don’t already work with a qualified business coach, I would be happy to have a free 30-minute chat with you.
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