REAL DATA, NOT LIES - WILLIAM EASTMAN

This is part of Season 4 Series on Beating The Lockdown brought to you by ...
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​...PROFIT RADIO - A Network of Entrepreneurs for Entrepreneurs.

Introduction
Here we are at the beginning of 2021 and hoping to put 2020 behind us. Unless you were one of the lucky owners who had the right offer at the right time, the majority of entrepreneurs took a big hit last year. It is forecasted that business revenues for 2020 is 1/3 of 2019! How many owners do you know that are already out of business?

This series of shows are not about good news. We are very pessimistic about the immediate future - the next 6 months. That emotion is based on the arbitrary nature of global lockdowns. In fact we address that in our Thursday show: "Beating The Lockdown ...While You Still Have A Future".

This season we will share 4 decades of experience on the 3 Types of Businesses, based on performance, and what you can do about it. Today's show is about refusing to let forces outside of your company put you out of business.

LISTEN > ENGAGE > APPLY
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Show Objectives
Key Issues - Owner Perspective:

1. Your Choices - believe what you are told or investigate the facts
2. Truth - only the facts, unbiased and untainted by the current group think
3. Courage - we will report what we find and let the chips fall where they may. As for you the entrepreneur - business owner, it is your dream they are attacking. You must have the courage to stand for what you believe in and never let other people tell you who you are or what you can achieve. if this doesn't fit you- IBGR is the wrong place.

What You Need to Know
2 Perspectives on the Issue

1. Economics
   1. Command Based - centralized decisions to determine supply and price levels based on anticipated demand.
   2. Market Based - organic decisions based on demand to determine supply with prices based on demand/supply balance.
2. Pandemic
   1. Isolation vs Herd Immunity (issue -contagiousness and lethality)
      1. Isolation: keep healthy people away from potential carriers over the infections (disease) incubation period and therefore it dies at present level. There were 2 choices, isolate everyone or just high rest individuals, the universal response was everyone except...
      2. Herd Immunity: either from survivors having antibodies or from a vaccine, the majority of people are not carriers: Brazil and Sweden

Chronology of Information and Corresponding Decision

• Outlook in April
  • Economics: the issue for governments, federal or local, was tom how to keep the economy open while limiting the spread of the infection
  • Pandemic: the issue for medical professionals was the virus was highly contagious and it's lethality was much higher than the common flu.
• Sufficient Data in July
  • Economics: In the United States approximately 13% or 3.3 mullion small business' closed with estimated 25% not reopening.
  • Pandemic
    • Australia: .001 caught the flu, 90% recovered, total death rate .00004
    • New Zealand: .0004 caught the flu, 96% recovered, total death rate .000005
    • Singapore: .01 caught the flu, 99% recovered, total death rate .000005
    • Philippines: .004 caught the flu, 93% recovered, total death rate .00008
    • India: .007 caught the flu, 96% recovered, total death rate .0001
    • Pakistan: .004 caught the flu, 93% recovered, total death rate .00008
    • Bangladesh: .003 caught the flu, 89% recovered, total death rate .00005
    • South Africa: .02 caught the flu, 81% recovered, total death rate .0005
    • Nigeria; .0005 caught the flu, 79% recovered, total death rate .000006
    • Kenya: .001 caught the flu, 82% recovered, total death rate .00003
    • UK: .047 caught the flu, 97% recovered, total death rate .001
    • Canada: .004 caught the flu, 93% recovered, total death rate .001
    • United States: .06* (greater testing, % of false positives) caught the flu, 98% recovered, total death rate .01* (.0006)
    • Brazil: .04 caught the flu, 89% recovered, total death rate .0010
    • Sweden: .05 caught the flu, 98% recovered, total death rate .0009
• Pandemic Politics
  • Economics: global economic growth down from around 3.0 percent to 2.4 percent. To put this number in perspective, global GDP was estimated at around 86.6 trillion U.S. dollars in 2019 – meaning that just a 0.4 percent drop in economic growth amounts to almost 3.5 trillion U.S. dollars in lost economic output. 
  • Pandemic: World starting a 3rd lockdown cycle with mandatory isolation where legal.
• Forecast for 2021
  • Economics
  • Pandemic

IBGR and You

1. Your Choices - believe what you are told or investigate the facts
2. Truth - only the facts, unbiased and untainted by the current group think
3. Courage - we will report what we find and let the chips fall where they may

What You Need to Do

1. Follow the 5.15.80 Series all season.​
2. Get your business growth news everyday from IBGR.Network
3. JOIN the IBGR Community
4. DOWNLOAD the IBGR Growth App
5. RESEARCH anything related to Starting, growing, or Exiting a business on the IBGR Network

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.

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