Post by account_disabled on Mar 12, 2024 7:33:10 GMT 2
The signs, for those who know how to grasp them, do not bode well; It promises to be a truly difficult autumn for the economy, for families and for companies. For individual professionals, when this happens, it could trigger existential questions involving their business model, whether what they propose is a real market need and whether there is a mismatch between what has been built and the needs of possible clients. This is not the first economic crisis nor will it be the last.
During a "depression" what happens is a contraction Canada Phone Number of the market, people buy less, companies obtain less financing and are less inclined to invest in activities that they do not consider necessary or risky. We tend to postpone any decision until the bad moment passes and we can return to generating safe and constant cash flows. If this wait-and-see attitude - in my opinion - is not always understandable in a company that (for example) stops promoting itself at the very moment when it is needed most, I find it even less understandable in a professional. Now that the communication of professionals is in their hands - having opened sites, channels and social networks.
I have noticed, in some situations, that the panic due to the reduction in turnover generates truly embarrassing exits, increasing the distance between them and the market they target they address. The reputation of a professional is not based on the cost of his fees or the value of the invoices he issues. Reputation is a more subtle metric, it is generated by time, experience and trust in those who see it or deal with it. Reputation is like a book , you have to write it every day, add experiences.
During a "depression" what happens is a contraction Canada Phone Number of the market, people buy less, companies obtain less financing and are less inclined to invest in activities that they do not consider necessary or risky. We tend to postpone any decision until the bad moment passes and we can return to generating safe and constant cash flows. If this wait-and-see attitude - in my opinion - is not always understandable in a company that (for example) stops promoting itself at the very moment when it is needed most, I find it even less understandable in a professional. Now that the communication of professionals is in their hands - having opened sites, channels and social networks.
I have noticed, in some situations, that the panic due to the reduction in turnover generates truly embarrassing exits, increasing the distance between them and the market they target they address. The reputation of a professional is not based on the cost of his fees or the value of the invoices he issues. Reputation is a more subtle metric, it is generated by time, experience and trust in those who see it or deal with it. Reputation is like a book , you have to write it every day, add experiences.