Are we in a recession?

According to the definition of two consecutive quarters with negative GDP growth, we entered a recession starting in Summer 2022. There’s no doubt about it – the last several years have been an economic and social rollercoaster. When things are uncertain and the word “recession” gets thrown around, you’re bound to feel some anxiety.

The reorganization of your company doesn’t come lightly. This is something that is only done when something isn’t working, and you’re being held back from your growth potential. Business growth naturally brings about growing pains. Today’s business atmosphere moves fast. If you’re going to survive, you’ve got to be willing to troubleshoot your company – seizing every opportunity to improve, innovate, and optimize.

Investors with entrepreneurial spirit tend to be very passionate about what they do. They get excited. They’re about the big picture, the process, the vision, the inspiration! Big ideas that are as thrilling to talk about as they are to reach for.

For business owners and entrepreneurs, an increased capacity for philanthropy is one of the most rewarding aspects of their career. Not only are there tax benefits to charitable giving, but you can take pride in knowing that your work isn’t just putting food on the table and providing employment for your team: it’s making a real difference in the world.

Most investors, entrepreneurs, and business owners are going to work with partners. Whether you’re looking for a partner in the truest sense – going in on a business or investment venture together – or partnering with a professional service or company, due diligence is essential.

They say “heavy is the head that wears the crown,” and that’s not just reserved for royalty. Leaders carry a great deal of responsibility!

Business owners must be adept at pivoting their business strategies in every economic climate: inflation, recession, and beyond. 

Whether you’re a business owner, entrepreneur, or investor, you’re going to encounter unexpected expenses. When you’re blindsided by big bills, it can leave you feeling stressed and anxious. Of course, it doesn’t have to be that way. While the unexpected will happen, you can be prepared to deal with it, no sweat.

Running your own business is challenging enough without making mistakes. While a misstep here or there is inevitable, there are some errors you’ll want to avoid at all costs – errors that can cost you your business. Worst of all? Most business owners don’t even realize they’re making these blunders!

There’s no stopping time, no matter how ambitious or industrious you are. We’ve only got so many hours in the day and so many days in our lives. While productivity isn’t the end-all-be-all of a fulfilling life, it does make a big difference – particularly in the lives of entrepreneurs.