5 Strategies to Help Your Small Business Survive a Recession

Posted by RossKimbarovsky under Strategy
From https://www.crowdspring.com 1638 days ago
Made Hot by: jonasg on May 14, 2020 2:24 pm

You must develop a strategy to recession-proof your business, and you should do this now. As the economy takes a deeper dive, it will be much harder for you to timely respond and keep your business afloat. Don't panic. Here's a look at what your small business can do to respond appropriately in times of economic hardship.

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Comments

Written by lyceum
1636 days ago

Ross: Thanks for your answer. Plenty of small business owners have a tough time. Personally, I haven't had many face to face meetings for some time. I have had a couple of meetings in the city, and then I have called for a taxi to the client's office. It has been fascinating to see how neighboring countries have been dealing with the pandemic, and how public figures have pointed it out how Sweden is "strange". I think we will learn from leaders in Hong Kong, South Korea, and Taiwan. I will comment on this topic in future solo episode of my podcast, EGO NetCast. I have made commentary in my personal newsletter, Lyceum Bulletin.

Best Premises,

Martin

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Written by lyceum
1637 days ago

Ross: Which strategy are you having the most hard time to apply at this moment in time?

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Written by RossKimbarovsky
1637 days ago

Continuing to spend marketing dollars is tough because the pandemic has definitely impacted people's attention and reactions to marketing. It's a delicate balance... Has any of this changed in Sweden, since Sweden has taken a much different approach to dealing with the pandemic?

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