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Financially Preparing Small Business Owners for 2010Susan L Reid
American Express OPEN Forum
Jan 27, 2010
We are now one year removed from the peak of the worst credit crisis the world has experienced in generations, resulting in the longest and deepest recession in the post-World War II period. The magnitude of this decline was worse than many people have ever experienced.
Since then, however, we've had one of history's greatest rallies! Currently, we're about halfway back to where we were when it all started to unwind.
Are We Headed for a Double-Dip?
Good things are starting to happen. It took a year, but growth has returned. In the past few months we have seen almost universal signs of growth, with a rise in manufacturing output, retail sales, home sales, business spending, and even IPOs and merger-and-acquisition activity.
The big question is: Will we go through a big double-dip as we come out of this crisis?
Read the rest of Financially Preparing Small Business Owners for 2010 to find out if we are headed for a double dip, and the three things you can do now to favor an optimistic outcome, regardless of a double-dip.
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Susan L. Reid, DMA
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