Feb 21, 2023
Look at the business world from a "Macro" level and you will see three trends that are hurting business
owners, especially businesses that are:
First or second-generation family businesses
They have between 10 and 500 employees
Revenue of $1m-$50m
The Macro headwinds are equivalent to a jet stream and it makes everything slower and harder. Here are the three macro trends:
The Cost of Capital- Interest rates are rising and the Federal Reserve Chair Powell is indicating that the rates are only going higher.
Compliance Challenges- It seems there is a new law, rule, or regulation that makes business harder.
Quiet Quitting- This term is becoming part of our vernacular and it is a risk to business leaders.
These businesses are looking for alternatives to everything to control costs, improve talent, and eliminate the concentration risk of quiet quitting.