For Immediate Release
Contact: Bob Mallory, (888) 609-5490 Community Relations

World Renown Economist Alerts Nexstar® Members to Worsening Economy

Nexstar members now have an economic forecast and recommendations for making the best of business the over the next 18 months. At Nexstar’s Super Meeting in Seattle, Economist Brian Beaulieu told service business owners and managers that the economic crisis we’re seeing now will get worse before it gets better and offered solid strategies for weathering the storm.  For several years, Beaulieu has been accurately predicting a worldwide recession will begin next year and run through 2010. “We will hit bottom about the first quarter of 2010.  Home prices will keep going down and unemployment will keep going up until then.  Inflation of the 60s and 70s is what we have to look forward to,” Beaulieu said. “However, it won’t be any worse than what we saw in the early 80’s.”

Beaulieu is a trusted source for economic forecasting.  He’s an economist with the Institute for Trend Research, and his predictions are accurate 96% of the time.  Business owners around the world rely on Beaulieu’s forecasts to help them decide when to buy and sell or when to hire or hold steady.  “We know Brian’s excellent reputation for business cycle trend analysis and appreciate how he turns that information into solid, practical advice for our members,” said Greg Niemi, Nexstar President & CEO.

Beaulieu told Nexstar members there will be unintended consequences of the bailout, so it’s important to follow these strategies to secure their companies’ futures:

  • Operate lean and mean/productive
  • Go into cash conservation mode to assure good cash flow
  • Be profitable
  • Know your banker and your banking institution
  • Don’t be a bank for customers – collect receivables
  • Marketing must be quantifiable because people want assurance and reassurance.
  • Be tangible in your messages: “We’re on-time and on-budget 98% of the time.”

Beaulieu has been consulting and advising companies throughout the U.S., Europe and Japan on how to plan for, and prosper through, the changing business cycles with all their ramifications on capital resource needs, interest rates, staffing and competition.

Nexstar® Inc. is a world-class business-development and best practices organization delivering comprehensive business training, systems and support to independent home service providers. Super Meeting is an annual event where owners and managers break from working in the business and explore where they want to take it. 

For information about more highlights from the Nexstar Super Meeting in Seattle October 2-4, please contact Kari Logan.

 

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