*To help our readers navigate their businesses and organizations during the COVID-19 pandemic, we are re-posting this relevant blog post from Ken DeWitt, previously published on the DeWitt LLC blog.
Many of my clients are downright angry about America’s coronavirus shutdown. Initial reactions include disbelief and anger at the news media or politicians and frustration with the perceived gullibility of large numbers of people who are giving in to panic. Logic is out the window, and fear is palpable.
I’ve been checking in on my current clients more frequently since this crisis began, and they always ask me what I think about the situation.
Simply stated, I’m a realist.
Regardless of how we got here or who is responsible, we are here: facing a “black swan” event that is disrupting our lives, shaking the confidence of family, employees, and communities, and will imperil many of our businesses.
But economically speaking, we’ve been here several times before. While this event might seem unprecedented, what we might go through is nothing new.