The argument about whether we are in a recession or not continues. The July jobs report was stronger than expected (good news), thus some analysts say we cannot be in a recession despite having negative growth for two consecutive quarters.
Gasoline prices have come down, but are still more than double nationwide what they were in 2020. Some food prices have also recently declined, but this change also follows a serious run-up.
New economic data confirms new credit card spending is near an all-time high. One key to remember is that 70% of annual GDP is consumer spending for goods and services.
Here are several questions relevant to the remainder of 2022:
- Were sales the past six months greater, about the same, or less than the previous 6 months?
- Was your average customer “spend” more or less the past 6 months than the prior 6 months?
- Have you grown more new customers the past 6 months than the previous 6 months?
- Are you using web-based digital content marketing to reach customers and prospects?
- Have you targeted a new demographic in the past 6 months?
- Are you satisfied with your social media presence and reach?
- Are you getting more or fewer testimonials and referrals than 6 months ago?
- Have you added new products or services in the past 6 months?
- If your market has changed in the past 6 months, how has it changed?
- What is your most immediate need?
We’ll distill your answers to these 10 questions into a Road Map to satisfy immediate business needs and achieve business goals. In addition, we will help you create a winning strategy for the next step whether it is to build consistent new growth or hold sales, profits, and market positioning.
See what Latham Wade can do for you!
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