Originally Published in the Catalyst Quarterly July 2010

If you missed Part 1 click here

How to Prepare for a Double Dip Recession – Part 2- TAKE ACTION!

Small Business and Corporate Department Tactics to Maximize Opportunity!

2.REPOSITION or EXIT: and maximize your retirement or sell your business. If you are looking at retiring in the next few years anyway, retire now. Don’t force your “personal demographics” on the overpowering upcoming changes. Face the reality that the business cycle may not match your planned retirement. The sales price of your business today could be cut by fifty percent or more between now and the first half of 2013. If you are retiring from a large corporation or a government agency, your pension/benefits will likely be more available now. Use appropriate strategy/tactics to insure them and lock them in.

In your “exit strategy” plan for new opportunities to be available at significantly lower prices than what they exist at today. Your may be able to buy back what you sell today for cents on the dollar in 2 years!

As an employee of a large corporation or government entity, jump to a stronger operation or sector that is promising for survival. Take a percentage reduction in pay if necessary to make this jump!

If your “exit strategy” is to merge your business or operation with a stronger company, now is the time to do it.

If your focus is to expand your distribution channels and/or broaden your customer base through an alliance, look hard at their balance sheet. Make that the priority screen you pass them through.

To see part 3 on How to Prepare for a Double Dip Recession click here