Episode 498: How to Prepare for Economy Cycles that will Save Your Business Money with Mel Abraham
Today I have something different for you called “Financial Fridays”, which is a brand-new segment of #BizTipFriday! Who better to kick things off for this segment than our friend and frequent guest of the show, Mel Abraham? Mel is always so willing to share his expertise and knowledge around all things financial, and in this episode, you’re going to not only hear about the state of affairs at this very moment as it pertains to finances, but also the tremendous opportunities that exist for entrepreneurs and investors alike!
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In this episode you’ll hear:
- Mel shares some alarming stats around the state of business today
- Why it’s crucial that we don’t forget the role that entrepreneurs have played throughout history
- A quick overview of inflation and how it affects the economy
- Mel’s take on whether the stock market corrections that are coming are transient or long-term
- The impact that soaring real estate prices are having on the economy
- How to begin to recognize the cycles that all markets go through
- Why he stresses the need for everyone to prepare financially
- Both of our predictions for what will happen in the near future
- His advice for what businesses must focus on moving forward
For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/498