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093 | The 'Looming Recession' And How To Prepare Your Wedding Business With Michelle Loretta
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Recession, inflation… WTF does this all mean, and should wedding pros be considered about rising costs, labor shortages, and a slower economy?
In this episode of The Power in Purpose Podcast, we discuss the ‘looming recession’ with wedding industry financial expert Michelle Loretta of Sage Wedding Pros.
On this episode of The Power in Purpose Podcast:
- What are some signs that you should be bracing your business for a slower economy?
- Are we already in a recession? And if so, what does it mean for the wedding industry?
- What is this labor shortage going to look like over the next year and longer? How will that impact your businesses?
- What about inflation? How does that impact your business?
- Do we need to rush and increase our pricing because of ‘inflation’?
Thanks for tuning into today’s episode of The Power in Purpose Podcast. I want to know what your biggest takeaway was. Head to my Instagram and answer the question of the episode @candice.coppola
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