Description

Recessions are a natural part of the economy and come with a number of challenges that are out of our control. How can owners best position themselves and their business to thrive in this environment? It all comes down to preparation and setting yourself up for an advantage. 

In this episode, I will share how to prepare yourself and your business to take advantage of a recession economy. 

We cover:

• How to make sure you have access to capital
• The importance of having a strong financial history
• How much to keep in an emergency account for your personal and business expenses
• Why you should evaluate your cashflow and expenses
• Five ways to niche your business down
• How to manage old inventory and receive a tax benefit
• How to pay quarterly estimates online

-----

We help business owners:

→ Understand the complexity of navigating a business transition

→ Assess their level of preparedness from a financial, tax, and legal perspective

→ Plan for the next chapter of their life

👉 Get Your Free Readiness Assessment!

 -----

WANT MORE BUSINESS PLANNING TIPS?

Subscribe to the Business Exit Success Newsletter.

As a thank you, you'll receive a copy of The Freedom Point: A Financial Planning Guide for Business Owners.

Click here to subscribe and grab your free guide.