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The Only Constant

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This story appears in the January 2003 issue of Entrepreneur. Subscribe »

It would be an understatement to say 2002 was a year ofuncertainty. But it's over, so let's look ahead. 2003 lookslike . . . well, at the moment it looks much the same as last year.But that's not going to stop us from trying to figure outwhat's next. Since that's not a task I want to tacklealone, we asked a few experts to share their insights.

Last year on this page, business consultant Elaine S. Peck (whoalso happens to be a professional psychic) and her colleague,Carroll Eileen, predicted that in 2002, "things will get worsebefore they get better." For 2003, they believe that while theeconomy will show signs of a slow (very slow) recovery, overall,our economic doldrums will continue. Money will remain hard to comeby for business owners, whether for start-up or expansion. Personaland business debt will soar.

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