Conceptual Minds | Feb 22, 2023
Here, variables are the potential scenarios you’re planning against. Reductions in customer demand, rising expenses, and supply chain issues are all potential outcomes of a recession.
Your job is to plan for those most likely to occur.
If you struggle to come up with your own, the following three variables will cover a wide array of likely outcomes.
- Minor recession causing a 20% demand drop
- Major recession causing a 50% demand drop (Less likely)
- Labor shortages reducing capacity 25%
When in Doubt, Don't Panic
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