The Recession of 2008 Will Make Consultants & Coaches Wheelbarrows of Dough

It was more than a decade ago, and I was visiting amoney grew tight, and there seemed to be no end
franchisee of a well known, publicly traded executivein sight to the economic woes.
search company.And of course, that same recruiting firm became a
Through an odd confluence of factors, I was pitchinghollowed out shell, firing people in droves, singing the
the president of the Los Angeles branch, who askedblues.
me, more or less, "Why are we having this meeting?"Sound familiar?
That's never an auspicious start to a consultingIf not, it could very, very soon. According to some
relationship; that much I can tell you. When prospectseconomists, we entered a recession in December,
don't feel a burning need, we don't need to go much2007, and things are going to look gloomier before
farther.they brighten.
The conversation got even worse after I replied, "ToAnd that's precisely why it is the best of times to be
make you some money."a corporate consultant or coach. When the going
"Why, we're taking WHEELBARROWS of money togets tough, and it will, large and small companies, alike
the bank, so why would we need your help?"suddenly get uncharacteristically humble and open to
That's the sort of arrogance that good timesoutside ideas.
bring...and it's nearly impossible to buck.As consultants and coaches, we can't ask for more.
Soon after that, we entered a deep recession. RealSo, get ready to prosper this year and very possibly
estate prices dropped 20% in many upscale towns,next year, as well.