Surviving and Thriving During a Downturn

You might have noticed that the economy is a little crazy right now. Fuel prices are skyrocketing, the stock market is plummeting, and inflation is at the highest point in decades. Has your Small Business been impacted by these factors? If not, will it be at some later date? Are there opportunities you can take advantage of if we roll into a recession? Join us today as we discuss how your Small Business can survive when things slow down and how by making changes and identifying new opportunities you can thrive and make your business stronger. 00:00:00 Small Business Show #384 for Wednesday, June 15, 2022 00:01:36 Superstition IS the way 00:03:52 Lance-Two Weeks Notice Sponsors 00:14:30 SPONSOR: Tailor Brands is an AI-driven, all-in-one platform for anyone aspiring to start a business or side hustle. Get 40% off at taillorbrands.com/sbs. 00:16:00 SPONSOR: Shopify – For anyone to sell anywhere, Shopify is giving you a fourteen-day trial and full access to Shopify’s entire suite of features. Visit Shopify.com/sbs to get yours! 00:17:43 Surviving and Thriving During a Downturn Small Business Show – How to Cut Costs while Preserving Value Have 30-days each year where your line of credit is completely paid The AmEx Plum Card for Business Build a Warchest Manage your A/R Train Your Employees Be Smart with Your Marketing Budget “Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffet 00:40:09 Lightning Round! Less demand means prices come down! Labor market will loosen up 00:46:21 SBS 384 Outtro Customer Service is Key! [email protected] The post Surviving and Thriving During a Downturn – Small Business Show 384 appeared first on Business Brain - The Entrepreneurs' Podcast.