Recession in Alberta???

Hello Calgary.

This blog has been created in the middle of some serious economic turmoil and doom and gloom south of the border, and many of the questions I'm asked these days have to do with such. Is it coming here? What's going to happen to my business? How bad will it be? When will it be over? Although I don't think Alberta will feel the strain like we are seeing in the United States right now, the next 6-12 months will definitely start to prove which businesses have been going well because the economy was good, and which businesses were doing well because they were good. If you are convinced that dark times are ahead, here's three things that should be focussed on during any downturn in economy or market:

1. Retaining existing clients

2. Cutting fatty expenses (the smartest place to invest in is your own growth in knowledge and skill)

3. Ensuring steady cashflow

Jarrod