Ever wake up one morning and think to yourself:
“Jeepers self, ummm what should I do if a recession raises its icky head?”
If so, you’re definitely not alone – Methinks ’tis ‘way better to be prepared for it with your business… than not!
That’s why you’ll love the following (and be sure to return when you are done for the rest of the goodies I found for you)
www.netsuite.com/portal/resource/articles/business-strategy/recession-proof-your-business.shtml
There, you’ll discover ideas like:
“…Find ways to cut back.
Cutting back operating expenses can be a challenging task, since maintaining a product’s level of quality is particularly important during a recession.
Whatever you decide to cut should be invisible to customers. When looking for ways to cut back, it’s helpful to start with the biggest costs and see if there are small tweaks that can result in big expense reductions, such as taking advantage of early pay discounts from suppliers. Other examples include automating previously manual tasks and shifting the mix of labor between full-time workers and contractors…..”
and
“…Create multiple revenue streams.
This strategy requires some out-of-the-box thinking about how a business can tap into new revenue streams using its current infrastructure.
The concept involves capturing new money without making a major investment. For example, consider whether you can add business-to-business (B2B) customers if you typically sell directly to consumers, or vice versa.
Extend your geographic footprint by selling online. Or repurpose your manufacturing process for a new product. For example, a bakery could start offering take-home kits for birthday parties……”
and more!
Mastering preparing for a business recession can make for a grand cheatsheet, blog post, product idea and ore!
Step 1.) Check out tutorials for recession-proofing your businss.
Need help with that? Consider:
onlismallbiz.com/manage-an-online-business/
www.scamrisk.com/recession-profit-secrets/
onlismallbiz.com/manage-an-online-business/
www.onlinecomputers.com/2020/08/4-tips-for-recession-proofing-your-new-jersey-business/
www.itbusiness.ca/news/ontario-battles-recession-with-online-games/14254
Next, move to:
Step 2.) Prefer Visual Learning? Check Out Tiktok Tips on YouTube:
Need resources for that? Look at:
www.youtube.com/watch?v=JugIlEvOzdo
www.youtube.com/watch?v=tPqYjkzPjGY
www.youtube.com/watch?v=6IXhARTi1K4
www.youtube.com/watch?v=2u2ohy4H_OY
www.youtube.com/watch?v=9NMo4P8tuyw
Finally, move to:
Step 3.) Armed with the Above, See The Best Ways To Make Money During a Recession and Make It So!
Need ideas for that? Consider:
www.financialsamurai.com/how-to-make-lots-of-money-during-the-next-downturn/
www.moneytalksnews.com/slideshows/how-to-profit-from-a-recession-if-you-act-now/
blog.cheapism.com/how-to-make-money-in-recession/
kiiky.com/wealth/how-to-make-money-in-a-recession/
joywallet.com/article/how-to-make-money-during-a-recession/
Good stuff!
Your takeaway?
Addressing a possible recession could make sense NOW…
Why not see if that would work for you today?
Enjoy!
ps – looking for inspiring great marketing goodness? Check out:
Resource #1 – Awesome eMailed Group Coaching
nanacast.com/vp/10006141/59618
Resource #2 – Grow Your List with Viral PDFs
nanacast.com/vp/10007551/59618
Resource #3 – The Excellent Entrepreneurial Executive eSquared Club!
nanacast.com/vp/10007536/59618
_________________Ever wake up one morning and think to yourself:
“Jeepers self, ummm what should I do if a recession raises its icky head?”
If so, you’re definitely not alone – Methinks ’tis ‘way better to be prepared for it with your business… than not!
That’s why you’ll love the following (and be sure to return when you are done for the rest of the goodies I found for you)
www.netsuite.com/portal/resource/articles/business-strategy/recession-proof-your-business.shtml
There, you’ll discover ideas like:
“…Find ways to cut back.
Cutting back operating expenses can be a challenging task, since maintaining a product’s level of quality is particularly important during a recession.
Whatever you decide to cut should be invisible to customers. When looking for ways to cut back, it’s helpful to start with the biggest costs and see if there are small tweaks that can result in big expense reductions, such as taking advantage of early pay discounts from suppliers. Other examples include automating previously manual tasks and shifting the mix of labor between full-time workers and contractors…..”
and
“…Create multiple revenue streams.
This strategy requires some out-of-the-box thinking about how a business can tap into new revenue streams using its current infrastructure.
The concept involves capturing new money without making a major investment. For example, consider whether you can add business-to-business (B2B) customers if you typically sell directly to consumers, or vice versa.
Extend your geographic footprint by selling online. Or repurpose your manufacturing process for a new product. For example, a bakery could start offering take-home kits for birthday parties……”
and more!
Mastering preparing for a business recession can make for a grand cheatsheet, blog post, product idea and ore!
Step 1.) Check out tutorials for recession-proofing your businss.
Need help with that? Consider:
onlismallbiz.com/manage-an-online-business/
www.scamrisk.com/recession-profit-secrets/
onlismallbiz.com/manage-an-online-business/
www.onlinecomputers.com/2020/08/4-tips-for-recession-proofing-your-new-jersey-business/
www.itbusiness.ca/news/ontario-battles-recession-with-online-games/14254
Next, move to:
Step 2.) Prefer Visual Learning? Check Out Tiktok Tips on YouTube:
Need resources for that? Look at:
www.youtube.com/watch?v=JugIlEvOzdo
www.youtube.com/watch?v=tPqYjkzPjGY
www.youtube.com/watch?v=6IXhARTi1K4
www.youtube.com/watch?v=2u2ohy4H_OY
www.youtube.com/watch?v=9NMo4P8tuyw
Finally, move to:
Step 3.) Armed with the Above, See The Best Ways To Make Money During a Recession and Make It So!
Need ideas for that? Consider:
www.financialsamurai.com/how-to-make-lots-of-money-during-the-next-downturn/
www.moneytalksnews.com/slideshows/how-to-profit-from-a-recession-if-you-act-now/
blog.cheapism.com/how-to-make-money-in-recession/
kiiky.com/wealth/how-to-make-money-in-a-recession/
joywallet.com/article/how-to-make-money-during-a-recession/
Good stuff!
Your takeaway?
Addressing a possible recession could make sense NOW…
Why not see if that would work for you today?
Enjoy!
ps – looking for inspiring great marketing goodness? Check out:
Resource #1 – Awesome eMailed Group Coaching
nanacast.com/vp/10006141/59618
Resource #2 – Grow Your List with Viral PDFs
nanacast.com/vp/10007551/59618
Resource #3 – The Excellent Entrepreneurial Executive eSquared Club!
nanacast.com/vp/10007536/59618
Get Started Here
You’ll love what you learn… Promise!