Preparing for the Worst Planning for the Best

While no one knows exactly what tomorrow’s economy will look like, certain economic data predicts an upcoming economic plateau or even another recession. In CFMA’s September 2019 CONFINDEXTM Summary report, Anirban Basu states that “Many CFOs, along with many economists, suspect that the risks of recession are elevated in 2020.”1 Whether it’s like the last recession, the early 2000s dot-com boom and subsequent bust, or even the Great Depression of the 1930s, successful contractors should understand the imperative need to prepare for the worst and plan for the best.

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About the Author

Jared Asay

Jared Asay is the Financial Partner at Conover Asay CPAs, PLLC, in Phoenix, AZ.

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