Recession proofs
2008
A Hearty Hello
First: Welcome to our newest members. The group has been growing consistently, and most recent members did not receive my welcome letter. It’s just been too busy. The group is now at 3/4 of a 100 so again, congratulations to everyone for being part of our first 100 pioneer group.
And, we’ve been declining folks as well. We’ve received lots of requests to join from outside consulting groups, media and others who we felt had the potential to be more predatory than participatory. I’m open to suggestions of who you feel should and should not be in the group.
If you’re new, I promised everyone an occasional newsletter, so here’s the latest edition.
Is it Hurricane Season?
This has been a week of amazing financial news. The impact will be felt in the coming months. It feels a bit like living in hurricane territory, and some companies are starting to board up the windows in anticipation of the impending storm. But NAPL’s economists suggest a different approach.
First, I have to praise the NAPL Economics Staff. I had the opportunity to hear Andy Paparozzi, Chief Economist, at NAPL’s Top Management Conference in March — six months ago. At that time, Andy said it was a recession. He noted that the federal government wasn’t ready to admit it, but all the classic signs of a recession were already evident. What would six months of advance knowledge do for you in your business?
Just this week, we put out a free pdf to the industry entitled “Choosing Not to Participate in the Recession.” It’s a bold idea, put forth by the same economics team that was also bold enough to call it a recession before anyone else. Here’s the premise — even in bad times, some companies grow. Companies grew during the Great Depression and some companies will grow through this recession. The question is how to make sure that you’re one of them. Within a few days, 700 companies had requested the report.
Here’s my tip: Take advantage of every bit of business intelligence you can get your hands on. That includes asking for this free report. To get it, all you have to do is register at www.napl.org/requestform. That’s it. Within less than a day, it will be in your inbox.
If you have other information to share that you think would benefit this group, please feel free to share news of it in comments on this site. Great groups and associations are built on shared knowledge. I hope you’ll choose to actively participate.
~ Rhona Bronson
rbronson@napl.org
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