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Smell it a mile away
Prior to September 2008, 68% of CEOs and Business Owners on the Tundra said they saw the recession coming – and it looks like they saw it coming a long, LONG way back. Since reaching its high of 134.5 in the 4th Quarter of ’03, The Nicolet Bank Business Pulse has trended South ever since…
What did the CEOs and Business Owners do to prepare? Here’s a sample of direct quotes we accumulated last month:
“Very Little; Unfortunately, I did not prepare; I stayed with incompetent investment advisers; I tried not to do anything stupid; Unfortunately, I missed the timing even though my education is as an economist and spent years in the banking industry.”
MOST business owners were smart; they got real, REAL busy with a variety of cost cutting and cash building strategies. Some however, said Not Enough. Others, unfortunately, said Nothing.
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