There has been a string of great news about the economy. Unemployment has been going down, labor participation rate is up, and businesses continue to have cash to invest and are investing it. In fact, there are a number of banks and high profile periodicals that believe we may be in the longest period of economic expansion ever. At some point, the expansion will end. Are you prepared for it? Do you have a set of economic metrics that indicate when your market is turning? Do you have a plan for how you handle market expansions and market contractions? If you don’t have an eye on these, it is time to start planning so you know what levers to pull and when.
Do you know when your market is about to turn?
Posted in Leadership, Strategy.