Every year we get the same advice – diversify your savings, don’t put all your funds in one stock or market segment. Have a mix and you will much more comfortably ride out the ups and downs of the economy.
This same good advice applies to our businesses. New construction has been a booming business for the past five years or so, but as always “this too will change” and as a result of COVID-19, boy oh boy, has it changed. Many projects have been slowed down, many have been delayed and others cancelled. Having another steady base of business is critical to dealing with these sudden and unforeseen market changes. Read More.