DESPITE YOUR PLANNING
YOU CONTINGENCY PLAN
YOU ARE ALERT FOR CHALLENGES AHEAD
OFFICIAL RECESSION YEARS
SOURCE: U.S. DEPARTMENT OF COMMERCE, BUREAU OF ECONOMIC ANALYSIS
1929 1945 1969 1980 2001
1930 1948 1970 1981 2008
1931 1953 1973 1982 2009
1932 1957 1974 1990 2020
1933 1958 1975 1991
DECLINE FROM PRIOR YEAR IN PERSONAL INCOME, PERSONAL
CONSUMPTION EXPENDITURES & COMPENSATION OF EMPLOYEES RECEIVED
Many individuals and companies accessed one or more forms of COVID-19 financial disaster assistance.
And while these "by-right" disaster benefits (e.g., PPP, EIDL, etc.) were beneficial to those who received them, they are not indicative of what US Consults delivers for our clients. The financial benefits we negotiate deliver long-term strategic value and are typically far more significant in amount.
It is probably obvious that, though they had value, and in many instances provided a lifeline, COVID benefits including the PPP and EIDL fell far short of providing the financial assistance needed to ensure that a business would not only return to normal quickly, but would thrive in the post COVID competitive environment.
If your company continues to experience significant challenges, let us help you. The solution may be closer than you think. Feel free to contact us by phone, email, the form below, or by scheduling a free consultation.
NOT OUR FIRST RODEO
In the midst of a crisis, it is easy to forget the past, especially when one is consumed with staying alive in the present. But we'd be remiss if we ignored these facts:
1. The COVID economic crisis was the second major financial crisis within a span of 12 years.
2. The two financial crises were the first time since the Great Depression that personal income fell in two successive separately identified recessions/depressions.
3. Prior to the recessions of 2008 and 2020, there had not been even a single recession since the Great Depression where personal income fell during the recession period.
4. Personal Income, Personal Consumption and Compensation of Employees declined in the 2008 and 2020 recessions - for the first time since the Great Depression. There had been 18 years of recessions (and 14 separate recessions) since the Great Depression - and not one had seen declines in all three major real indicators of economic decline until the 2008 recession (and now the COVID crisis).
BE READY FOR THE NEXT RODEO
Since our founding more than 35 years ago, we have been successfully insulating our clients from the most severe effects of recessions by providing them with distinctive competitive advantage in costs - both operating and investment. We may be able to do the same for you. The consultation is free. If you'd like to know more , please contact us.