Seasonal Economic Cycle in Business
Peter de Lange • June 24, 2019
Are Winter Blues Affecting Your Business?
| We
are all familiar with the seasons. If you think about it, the idea of
applying it to economic cycles makes a lot of sense. Each season and
how it corresponds to the same cycle in nature: growth or recovery
(spring), wealth (summer), dying off (Autumn) and scarcity (winter). If
you want to survive in business, you need to learn to anticipate and
adapt to these “seasonal” changes in the economy.
| Business
During Autumn and Winter
Autumn is the move
into recession. Money gets tighter and customers stop spending as much.
People are starting to change their priorities from want it, to need it.
Autumn is the time that you should be cutting out the dead wood and make
your business run leaner and smarter.
By winter, the
recession has us in its cold grip. You’ll see that cash flow is tight,
and profits are down, Winter is a time where you can really prepare
for the coming spring, if you change and adapt now, you’ll be in a good
position. It’s a good time to take action and realign your dreams and
goals
Business
During Spring
In spring, the
economy is growing and expanding. You probably see more business and
new customers. It is a good time to market and attract customers. It is
one of the seasonal economic cycles that should be easiest to grow your
business. Spring is a time to make yourself stand out from the crowd
Business
During Summer
Summer as a
seasonal economic cycle is a time of economic flush. Business is booming
and you are making a lot of money. This is a good thing, but you need to
keep one thing in mind. The season WILL change and you need to plan for
when that time comes.
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ActionCOACH
X
treme Business Coaching
Services
A little planning for the seasonal economic cycles
will help you stay a viable business throughout the cycles. At ActionCOACH
Xtreme, we are dedicated to helping passionate entrepreneurs achieve their
dreams of owning a successful business. Regardless of your challenges, our
skilled business coach Peter De Lange has both the tools and proven
systems to help you and your business achieve its goals.
How resilient is your business?
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Business Health Check and find out! Take the Test!
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