21. How to Prepare Your Wedding Business for a Recession with Michelle Loretta of Be Sage Consulting

This month’s topic is Money Management and in this episode, we are sitting down with Michelle Loretta and diving into How to Prepare your Wedding Business for a Recession.  We talk about - > What couples are changing/doing differently because of the potential recession> Steps business owners can take to prepare financially> How to pivot your business strategy with new opportunities> De-bunking the idea that the wedding industry is “recession proof”> Solidifying why building a tribe and networking is so importantListen all the way through for the tangible SWAG at the end of every episode on the 3 things you can start implementing into your business today! Spoiler alert ;) - here’s the list… Save 10-20% of annual sales as a cash cushionDon’t cut back on marketing, make it as easy as possible to be discovered. Hold tight to your network of people, take care of eachother. Tune in next week for our new monthly topic covering Appointments and Tours ,next week we are diving into Appointment Preparation Checklist. For BTS between episodes: follow us on Instagram: @theweddingsassholesRate, Review, Follow and Share this episode with a friend! Thank you to our show producer and sponsor Sol Rise Entertainment. For all of your music entertainment needs please visit them at  Sol Rise Entertainment - DJs - Live Music - Orlando (solrisellc.com)Need help? Email co-hosts Shannon Tarrant & Vanessa Negron at [email protected] HER LINKS: People can learn about financial strategy services with me here: https://besageconsulting.com/wedding-business-financial-strategy-coaching/They can hire me to speak here: https://besageconsulting.com/wedding-industry-speaker/And, they can learn more about our next conference here: https://besageconference.com/ (we just had it - so we will announce 2024 in May-June-ish)