THIS DOESN'T LOOK GOOD - WILLIAM EASTMAN

PROFIT RADIO "A Network of Entrepreneurs for Entrepreneurs"

CALL IN NOW AND JOIN THE CONVERSATION
Meeting ID
meet.google.com/rvd-gppn-ksw
Phone Numbers
(‪US‬)‪+1 617-675-4444‬
PIN: ‪923 652 223 1606#‬
More phone numbers

Introduction
One theme consistent in Season 3 is the station's becoming your CGO - Chief Growth Officer for Hire, the underlying role of the Network. All of my shows: Growth Community, Building in Front of You, Your MLM Empire, Economics for Owners, Self Managing Organization, and Creating a Consulting Business - everything centers on how to use the IBGR Network for business success. 

​Our relationship with the listening audience of entrepreneurs and owners: 

• Provide INSIGHTS that are useful
• Provide TOOLS that work
• Provide RESOURCES that saves time and money
• Make a FINANCIAL impact on the business 

That is what is meant by Looking at IBGR as your CGO - your virtual Chief Growth Officer.

LISTEN > ENGAGE > APPLY

Objectives - The WHY
This is week, unfortunately, is probably prophetic. If you follow the market you know if constantly scream about the upcoming recession eventually you'll be right. That is not my purpose for this show. Given the current world situation with the pandemic and the fact the United States drives the global economy, the economic situation is not looking good. Add to it a contest election with 2 very different economic models everything you need to start a recession is present.

Whether its government policy (the lockdown) or the expansion has exhausted itself, demand is decreasing everywhere. If the collapse happens are you ready?

We now find ourselves on the backside of the wave the contraction is real. Our show today will close with your smart moves.
​
Key Issues - Owner Perspective:

1. What signals should I pay attention to understand where we are and what is next?
2. Based on that information, what are the best moves for my business?

What You Need to Know - The WHAT
WHERE WE WERE
At The Top – True Value < Market Price > Supply Exceeds Demand with Excess Inventories and Inflated Price.
This is the opposite of absolute bottom, the economic cycle has reached its peak and now the weight of the wave exceeds its ability to maintain momentum. All the signs are there, soaring prices, inflated money, easy credit, expanding inventories, and many new competitors – the wise realize the party is about to be over – the bubble is about to burst. As a business owner it is time to leave the table, cash in your chips, and get ready for heavy seas.

• Step 5 Revulsion. For the businesses that didn't heed the warning signs of a contracting market, the true depth of this contraction is becoming obvious. Usually they focus inward about what should have done and wasn’t. New sales are shrinking and existing customers are cutting back. The financial situation is becoming critical – outflow exceeds inflow drawing upon savings and pushing credit limits.

WHERE WE ARE
Midpoint – True Value = Market Price > Supply Equals Demand
This is the same Mid-Point you experienced in the Expansion only now everything accelerating downward and it feels as if you are skiing downhill out of control.

• Step 6 Panic. Even for the well prepared, this time is challenging. Much like the “it is the darkest right before dawn” analogy, everyone is wondering how long can we last? The badly run businesses are gone or folding during this period. Time to expand market research and track the early signs of expansion; begin your planning for the next growth spurt.

Next week's show l detail how to PUT IT ALL TOGETHER. We have been so conditioned to being at the mercy of bad economic decisions. I wish this changed your business' relationship with the economy, the best I can do is move you from being reactive to proactive. 

What You Need to Do​​ - The HOW

1. YOUR REVULSION MOVE – Focus on Cash Flow Management, Lean Up the Operation by Reducing Variable Costs and Lower Prices to Existing Customers with the Cost Savings.
2. YOUR PANIC MOVE – Improve your Core Products & Services during the Slack Time.

We are your single, one stop source for business success, period, end of story.

Make sure you leave some thoughts in the comment section below. I am interested in continuing the conversation.

ECON.05.3G