Strategies to Recession-Proof Your Business

Since World War II, the U.S. has experienced 12 recessions, according to the National Bureau of Economic Research (NBER) — an average of one every six years. Indeed, recessions happen, they are more common than most people realize, and most business managers are likely to encounter several over the course of their career. It's crucial for business owners and managers to prepare their organizations to survive, and possibly even thrive, through the next recession, whenever it comes. Here are 27 actionable ideas that have helped protect many companies in various industries during past recessions. These strategies may not all be appropriate for any particular business, but selecting the right ones from this list can help to recession-proof any organization. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ A weekly online video radio show that brings businesses, entrepreneurship, supplier diversity, information, and opportunities through collaboration with contract providers and lenders. The BusinessZone, we educate, encourage, inform and inspire the business owners and entrepreneurs in our global communities. his platform can help you grow your business through heightened visibility “on-air” and via YouTube.com and Facebook.com. Co-hosts: Crystal Mitchell, Business Coach | Educator | Entrepreneur | Speaker Gilbert Buchanan, Business Coach, Founder, SmallBizPro Subscribe so you don’t miss our shows: http://www.youtube.com/c/BusinessZone... Let’s connect: Instagram – @thebusinesszone9665 Twitter – @thebusinesszone LinkedIn – https://www.linkedin.com/in/cymitchell/