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147: Recession-Proof Your Business
Manage episode 364791733 series 2794945
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A recession is looming, and knowing how to withstand the storm is vital to staying financially healthy in your business and home.
Surviving a winter means shoring up your cupboards, and the same applies when it comes to weathering a recession.
In this episode of Life Life Rich, Marissa gives you seven steps to take to make sure you’re ready for the coming storm.
You’ll hear how following these seven simple steps can keep your business healthy while setting you up to earn more in the future.
In this episode, you will hear:
- The encroaching recession and how it’s beginning to impact people
- Why preparing for winter is a lot like preparing for a recession
- Begin shoring up your business to withstand a recession with three to six months of expenses
- Leveraging debt is a lever you can pull to protect yourself
- Review and assess your risks now with three core questions
- Take control of your expenses now
- Position your profits to multiply
- Focus forward on new opportunities
- Get a plan in place with five key questions
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Episode Credits
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