Cutbacks Quote by Iyanla Vanzant
“I realized it was happening, but most people didn't realize it was happening. I mean, because as a self-employed person, when there is a recession or a cutback in the economy, we feel it first. Because many self-employed people provide services that are nonessential.”
About This Quote
Source Book: “The Gift of Forgiveness”, 2009
Self‑employed individuals feel economic downturns first because they provide non‑essential services.
In simple terms: Self‑employed feel recessions early.
Key Takeaway
Plan for economic volatility.
Themes
economy
entrepreneurship
recession
vulnerability
service industry
Mood
pragmatic
concerned
Type
advisory
motivational
When to use this quote
- business planning
- personal finance
- service diversification
Key Concepts
risk management
financial planning
market sensitivity
Questions to Reflect On
- How can self‑employed diversify?
- What safety nets exist?
A Different Perspective
Non‑essential services may be harder to sustain.
![“While vast sums of money are being siphoned off into hidden [military] coffers, Americas schools, hospitals and public services are facing cutbacks and closures.” quote by Henry Waxman](https://sms4smile.com/quotes/img-quotes/3e4/henry-waxman-38297_closure_while-vast-sums-of-money-are-being-sipho_361238.jpg)
