ITR Economics has been forecasting a depression for the 2030s for more than ten years now. As we enter the second half of the 2020s, more and more business leaders are asking us how they should best prepare for the depression. Earlier this year, ITR Economics introduced Financial Resilience – a one-of-a-kind program that provides our clients with a fully customized blueprint for their business, complete with a 15-year company forecast to help them navigate through the coming depression. Here are the top 3 reasons why business leaders are signing up for our Financial Resilience program.
Succession Planning
One of the most common questions we receive about the coming depression is whether owners should sell their companies ahead of the 2030s. Equipped with our 15-year forecast, you can make an informed decision on the matter.
- Looking to sell ahead of the 2030s
- Throughout the Financial Resilience process, we evaluate how your organization performed in previous recessions or other times of significant economic stress. In addition, we analyze your data to see how your business and markets will perform over these next crucial years. During the 90-minute consultation, we will discuss the best time to enact an exit plan based on economic conditions and expected future business performance. This foresight, coupled with actionable insights from our experienced Chief Economist, will help you sell your business at the right time to get the most out of your investment.
- Helping the next generation of leadership
- Our 15-year forecast can also help you outline the future needs of your business so that you can prepare the next generation of leadership. With this foreknowledge, we can help you ensure that future company leaders have the appropriate skills, capabilities, and knowledge needed to take the business through the 2030s and be successful.
Navigating Through the 2030s
Awareness of the impending depression is not sufficient, as it take a tremendous amount of preparation and effort to navigate through these difficult times. With the Financial Resilience program, we provide your business with the foresight and blueprint needed to endure such a prolonged economic downturn.
- Scenario planning
- Throughout our program, you’ll work closely with our team to identify the potential challenges and roadblocks that could arise in the 2030s. With proper risk management and scenario planning, you can have some flexibility in your decision-making, which will allow you to adjust and pivot in worst-case scenarios.
- Long-term sustainability
- While the 2030s depression will define the 2030s, it will not last the entire decade. Our 15-year company forecast emphasizes sustainability, helping you prepare for the depression, chart your way through it, and then focus on the opportunities of the years following the downturn.
Getting Ahead of the Competition
Even though the 2030s depression will bring challenging times for many, there will be companies making money and gaining market share. Our Financial Resilience program is designed for more than just surviving and thriving during the depression; we want you to stay ahead your competition.
- Targeting the right markets
- During the Financial Resilience process, not only will we be forecasting the future of your current markets, but we will also help you identify emerging markets that could provide profitable business opportunities. Targeting these new markets that your competitors might overlook is a great way to grow your business during the 2030s.
- Strengthening customer relationships
- Remember, consumers will also be feeling the effects of the coming depression. But with the right insights, you will be able to craft compelling marketing and enact pricing strategies to best attract your target customers. These informed strategies will continue to go a long way in strengthening your relationships with your clients and customers.
Has your business been preparing for the 2030s depression? In what ways do you see your business benefiting from a 15-year company forecast? Contact us at ITR Economics to learn more about how our Financial Resilience program can elevate your business!