In today’s episode, we’ll take a look at the wider, economic picture and how that may impact business in the not-too-distant future. On the downside, auto payment delinquencies are now at a decade-high here in the USA. Credit card delinquencies are currently at 38.2%. No, that’s not a misprint.
Is it all doom and gloom? Of course not. That said, there’s no time like now to start exercising the “creative muscle” and be willing to experiment outside the box.
I’m talking about, seeing if you can identify some underserved niches or groups of people to connect with in early 2024. The truth is, you don’t need the experts to tell you we’re in a recession. You don’t need an expert to tell you things are good or bad.
You’re already face-to-face with reality in your everyday experience, so don’t ignore it. More on all the above in today’s episode.