We have arrived, the great ride of a rising wave is about to end and the downside can destroy any boat. The question we will answer in today's show and a continuation from the last show - week 5, have you already batten down the hatches and prepared for heavy rolls?
EPISODE 21: WHAT DOES THE LAST UR-RAH LOOK LIKE?
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.
EPISODE 22: WHAT SHOULD I HAVE DOWN BY NOW?
Remember from last week - "pigs get feed and hogs go to slaughter".
EPISODE 23: WHEN I LOOK OVER THE CREST - WHAT DO I SEE?
Distress. The smart have minimized their exposure and have started conserving cash. They are cleaning up their credit accounts with investors, creditors, and suppliers. Everybody else is reacting to what was obvious but they have no plans for surviving the upcoming winter. While they are wondering what to do next, the smart are ensuring seed for the next season is saved because the contraction will end and those ready to act early will benefit the most in the next expansion.
EPISODE 24: WHAT SHOULD I HAVE DONE & WHAT IS NEXT?
This is when your attention turns to three paths of getting the business ready (1) identify and remove fragility, (2) identify what will keep you in business and fortify, and (3) identify how to use this upcoming economic situation to enhance the business.
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