Friday, March 13, 2009

The "R" Word and Small Business: It's a Jungle Out There!

Turn on your television to watch the news, read your morning paper, everywhere you look the word "recession" rears its ugly head. It's amazing to me that a word that was mostly avoided up to a year ago and was "something we were not in" according to the past administration, suddenly became the vocabulary of the day.

My theory is, if the government really would like to know when a recession will occur, interview some SBDC consultants. Based on what happened back in the early 90's and what has happened recently, there are certain predictors we often see in terms of the small business habitat.

Not unlike Marlin Perkins and Wild Kingdom, we can do a little safari run, and look at some of the predictors we see that indicate we may be coming into a "dry season."

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