4 Big Business Predictions For 2023
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 793 Ratings
🗓️ 7 December 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
Not only is there a coming recession around the corner, it is becoming clear that we are already in one.
What does this mean for your business? In this podcast Ryan shares some opportunities for growth that we can reflect on as the nature of business is changing.
Understanding these changes in 2023 could make all the difference when it comes to achieving financial freedom next year.
If you're ready to build a 7-figure business you can sell that doesn't eat up all of your time, watch Ryan's FREE 4-part video series - The Perfect Business
https://www.capitalism.com/perfect/?utm_source=CapPod&utm_medium=podcast&utm_campaign=episode
Transcript
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| 0:00.0 | The first thing to know is that we are in a recession. |
| 0:07.0 | This nonsense about we might be going into a recession, it doesn't matter. |
| 0:12.0 | We're in one right now. |
| 0:14.0 | Of course, a Biden administration changed the definition of a recession. |
| 0:18.0 | Apparently you can do that when you're president, but we are in a recession. |
| 0:22.7 | It's my opinion that we are in an asset price recession, not a productivity recession. And there is |
| 0:28.0 | a difference. An asset price recession is when just the prices of things keep coming down, |
| 0:33.5 | whereas a productivity recession is when there are mass layoffs, people can't find work, |
| 0:38.5 | and the output of people goes down. |
| 0:41.5 | There's a big difference. |
| 0:43.3 | An asset price recession hurts the rich the most because asset prices like stocks and |
| 0:49.3 | real estate and Bitcoin, of course, come way down. |
| 0:53.1 | But the costs of everything come down as a result of that. |
| 0:56.9 | That's good news for new entrepreneurs because the things that you want to buy at the beginning |
| 1:02.1 | of a business are going to become cheaper, at least when compared to the last two years. |
| 1:07.6 | There's two areas where that is very good news for entrepreneurs, and that is in |
| 1:12.9 | advertisers and influencers. So put differently, traffic costs are going to come down in |
| 1:19.5 | 23 because there are fewer people advertising on Facebook and on Google, and there are fewer |
| 1:25.7 | brand deals going to influencers, which means that the cost |
| 1:29.1 | of traffic is coming down, and the cost to advertise your product or service is going to be |
| 1:34.2 | easier and cheaper for you to get into the hands of the people who want to buy from you. |
| 1:38.3 | So the real thing to take away from this is just because we're going into a recession does |
... |
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