SNM196: Recession-Proof Business: How to Test Your Business Upgrade

Key Takeaways:·        Don’t rely on one singe traffic source, one person, or one product·        Always choose a market that offers a lot of opportunities and is always expanding ·        Variety is your best friend [14:35] The dangers of massive investments explained·         Why having a short financial cycle is very important [17:50] The drawbacks of having a complex business·         How moving parts can make your business vulnerable [20:55] Competition·         How competition can harm your business especially when starting out [21:50] The danger of selling only luxury goods ·         In terms of a global pandemic, no one buys fancy stuff: survival mode on [25:52] Single point of vulnerability ·         Explained + tip Sponsor – ConvertKit servenomaster.com/convertkit Resources: Black Swan Book by Nassim Nicholas TalebBooks by Jonathan, Most other links can be found in my TOOLBOXConnect with Jonathan GreenThe Bestseller: ChatGPT ProfitsFree Gift: The Master Prompt for ChatGPTFree Book on Amazon: Fire Your BossPodcast Website: https://artificialintelligencepod.com/  Subscribe, Rate, and Review: https://artificialintelligencepod.com/itunesVideo Episodes: https://www.youtube.com/@ArtificialIntelligencePodcast