The 10-year cycle of the reverse mortgage industry
A recent email from a coaching firm got me thinking about the 10-year business cycle. It’s natural to ask if there is such a thing. Is it real? How does this play out in real life? Business consultant and author Samuel Cupp teaches that every 10 years a small business has on average six good years, two great years, and two terrible years. I would argue that the same could be said of reverse mortgage lenders and brokers and large businesses. Let’s examine that cycle and how it may apply to our industry.
