Many experts
are predicting that
a recession is coming.
The Romance Novel Writing Industry
usually fares well
during a recession.
Books are lower priced treats
many people buy
to feel good.
But I’m still preparing.
I’m selling super hard now
so I’ll have a surplus of cash
and awareness
when the recession hits.
Peter Gilgan,
billionaire founder
of Mattamy Corp.,
has weathered quite a few recessions.
He shares
“Typically, what happens is
you carry a certain amount
of overhead and staff
into those things,
so your costs
don’t come down as quickly
and your profitability
is hugely affected.
But, you know,
that’s part of business,
and if you’re not prepared
to take the bad
with the good,
then you shouldn’t be in business.
You have to make sure
you’re financed conservatively enough
to tough these things out.
In a tough time,
you see if you can make
a little bit of money,
rather than a bunch.”
A recession might be coming.
Prepare for it.