What Recession?
While a recent Joint Center for Housing Studies of Harvard University report forecasts robust growth in the home building industry in 2019 (Read the full report here) when it comes to economic cycles, nothing lasts forever.According to Fred Farris, Aspire’s CEO, “No one can reliably time economic cycles. However, most reliable sources and indicators are clear that we are getting closer to an economic downturn. We are, in fact, now in the longest period of expansion in history. While we all hope it goes on forever, at Aspire, we do not believe hope is the best strategy.”
Bad News / Good News
Brent Baker, Aspire’s Director of Coaching, adds, “We don’t know when, but the fact is we know its’ coming. The problem for GCs is that it takes at least a year to make the necessary business adjustments that will allow them to prosper through it. The good news is that most of these adjustments are the same adjustments GCs need to make to generate better profits, NOW, during the good times.”Real World - Been There - Done That - Solutions
The Prosper Through the Next Recession workshop will outline real-world case studies and detail proven strategies and methods that helped GCs prosper through the last recession in 2008 and how to incorporate the 5 Key Lessons learned during that time that will shield a GC business today from potential business damage when the next downturn comes.Upcoming Workshops In Your Area:
The workshop will be held at the Coeur d’Alene Inn in Coeur d’Alene, ID on August 27th, from 9:00 a.m. to 4:15 p.m. The normal price is $295 per company, covering all owners, spouses and senior managers. On behalf of the North Idaho Building Contractors Association (NICBA), a limited number of scholarships are available on a first-come, first-served basis. NICBA members receive special $145 per company pricing. Not a NAHB or NARI member? We have a few $100 early bird scholarships to give out. Call for details. To learn more or reserve seats visit: www.AspireWorkshop.com or call The Aspire Institute at 888-252-8998.
About: For over 20 years the Aspire Institute has been helping the owners and leaders of small businesses achieve new levels of success. We focus on helping those who are experts in their craft become equally powerful as professional business operators.