Various media outlets present mixed perspectives on the American economy. One perspective that I reviewed and accept, the stock market is not the American economy and vice versa. In media, there are multiple speculations on – interest rates, inflation, GDP and other economic information. However, there are also economic and business-related facts that should not be ignored.
In 2023, commercial Chapter 11 filings increased 72% from 2022. The increase in filings is expected to continue into 2024. This expectation is for commercial as well as personal filings. This is due to several factors. The commercial filings include large and smaller businesses. Source: here.
How about your company’s existing business, is its financial as well as operational performance strong enough to fund the company’s current and future needs? Is the company investing in the existing business as well as innovation? Is the existing business built to last? Does your company have a practice of innovation? If you want to understand the answer to these questions, request our survey. Contact us through the website here.