From business to churches most of the leadership had been moving along on the assumption that the worst was over. Then came the Q1 GDP report that the economy had contracted 2.9%. Here is the coverage in The New York Times.
So, what do you do?
First, don't panic. In that breakthrough book "Confidence," Harvard Business School professor Rosabeth Kanter nails panic as the major reason business goes into a downward trajectory. Usually there is plenty to do to overhaul or finetune one's cash position to weather the whatevers.
Secondly, figure out what is most marketable and promote that. If you are a religious group and what brings in revenue are career seminars pull out all stops with publicity for them. Sideline for now developmental projects.
Third, figure out more affordable ways to get things done. That might mean investing time and energy searching the freelance market for copywriters rather than continuing with a brandname agency. More and more help-wanteds on Craigslist indicate "individuals only, no firms or agencies."
Fourth, take better care of yourselves. Research shows the productive value of a good night's sleep. Problem solving is better and more efficient during the morning.
Fifth, remain in the now. Regretting past decisions only are fantasies about what could have been outcomes, not what were actual outcomes.
We all are waiting for Q2 GDP results. They could be better than Q2. They could be worse. They could be the same. Since we don't know, we play the cards right in our current hand.