Economy reaches the first plateau of recovery by: Joe Galvin Joe Galvin is the Chief Research Officer for Vistage Worldwide. In his article Economy reaches the first plateau of recovery, Joe asks the question:
To what degree have your revenues been impacted by coronavirus?
Before you answer the question, first check out the The July Vistage CEO Confidence Index survey, with 1334 CEO’s showing Optimism continuing to improve. Now ask yourself the above question.
Gavin states a few obvious truths “revenue impacts stabilize as cash flow improved again in July. Optimism for the future continues to grow. Over half (51%) of CEOs expect increased revenues in the year ahead, up from just 21% in April. Also, profit expectations follow a similar pattern”.
Joe goes on to discuss the lengthening of the timeline for economic improvement, and explains that “this trend of improved cash flow is driven by the impact of federal stimulus programs along with the rigorous cost-cutting implemented by small and midsize businesses”.
Joe adds that business owners should use caution with confidence. Notably he states that “there is growing optimism amongst leaders of small and midsize businesses that there is a better future ahead. CEO sentiment suggests that it will be a longer and more difficult climb out of the “corona-ditch.””
Are you stuck in the “Corona ditch”?