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7 ways to prepare your business for the upcoming recession
Manage episode 330284875 series 3317856
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There's a lot of talk about a recession coming along. As a business owner, there is more at stake by not knowing what decisions are best to make.
In this episode, StoryBrand Guide, Alexander Toth talks about the best ways to prepare your business in advance plus 4 things to do once the recession hits.
We will be busting out some myths we found on Google and listing the 7 best ways to prepare our business based on data.
- Understand what is working right now and write it down
- Make sure you are innovating enough, but not too much
- Stockpile cash and increase cash reserve
- Get access to financing our credit
- Set a marketing budget
- Set an RND budget
- Consider what can go wrong and make a plan for it
Join us in this great conversation while we go through our list.
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