Recession. More than likely, the mere mention of that word elicits an emotional response. It could bring up feelings of dread and panic, as it does in most people. However, for the savvy business owner, the thought of uncertainty in the economy should signal opportunity. As Warren Buffett once said, “Be fearful when others are greedy, and greedy when others are fearful.” In today’s episode, I’m going to explore five ways your business can benefit from economic uncertainty. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: What is a recession and where does it fit within the economic cycle? (01:30) How can business owners take advantage of the next recession? (04:00) Affordable advertising. (05:50) Search Engine Optimization (SEO). (08:14) Market expansion. (09:57) Negotiate better vendor pricing. (12:01) “Level up” your employees. (13:06) The Economic Cycle & Recession We hear a lot about recession […]
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