There are a lot of useful lessons to be learned from the 2008 economic downturn – from steps small businesses can take to prepare, to changes that can be made during and after times of economic uncertainty. But the overarching lesson is that preparation and a solid business strategy can make all the difference.
In this episode of Financial Cents, podcast guest John Lewis, SVP, business banking regional manager, joins host Brent Cannon to offer business financial tips and strategies that business owners may wish to apply to their companies. Drawing on their own experiences helping local Arizona businesses navigate the last economic downturn, John and Brent discuss the things they saw successful companies and business leaders do to not just survive, but thrive.
“Of course, when the economy turns there is only so much you can control. So, while we cannot control the economy, what we can control are the decisions you make in your business to help you stay lean and stay vigilant,” says Brent Cannon.
Financial Cents, Arizona’s Financial Podcast, is hosted by Brent Cannon, EVP, director of community banking at National Bank of Arizona. In each episode, Brent and his guests give business banking advice that viewers could only get if they had a friend in the business.
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