Here’s How to Predict the Economy in a Way You Won’t Believe

Starting a small business can be scary, but growing it can be even scarier. You have to be able to predict the future — how many clients can you sustain and how many employees will you need to service those clients? If there’s a sudden and unexpected economic downturn you may find yourself wondering how long it will last and how long your business can sustain itself in a downturn. There are some economic indicators that can help you determine which direction you should move with your business, and law indices can help you interpret a lot of conflicting information.

Believe it or not, the housing market is a good indicator of where the economy is a whole is moving. When people stop building new houses, chances are we’re headed for an economic downturn. When lenders are processing more foreclosures there’s a chance things are looking pretty grim. But what if foreclosures go up at the same time the economy is on an upswing? Law indices can help you interpret conflicting data sets in economic trends.

Making informed decisions about your business can help you grow in a more measured and calculated way, which can mean greater long term success for your business. Learn more about law indices from this infographic!