The New Volatility is because the world is so interconnected. It means: If your clients are not absolutely convinced of the superiority of your offerings, the slightest doubt leads them to indecision.
They will hang on to their dollars and keep their endless 'options' open.
The result: Rising credit card balances - Sweating payroll - tapping lines of credit - issuing sickening, gut-wrenching decisions. Cutting muscle cuz there's no more fat to lop off.
The same volatility may well bring you a cash flow surge six months from now. A guy in Oregon today told me there aren't enough people available to drill water wells right now, and water drillers' prices are through the roof…
…but you won't be enjoying any cash flow surges if you're out of business before then.
"Perry, my tax clients are reporting revenue drops on average of 30% in 2023."
-Tax strategist Shanyn Stewart at my September Roundtable meeting
Are we in a recession? I can't say. What I can tell you is I have numerous clients who are doing better than ever before. And I encounter many others each week who are scrambling madly to pay their bills.
The disparity between the "haves" and "have-nots" is greater than ever.
The common denominator for the "haves" is:
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