We don’t think there is any doubt that times are getting tougher. All of the signs are pointing to changing economic conditions and that has ramifications for anyone in business. So what do we do? Throw our hands up in the air, or stick our head into a hole, embrace denial or just panic and run around like Homer Simpson?
We think there is a better approach - and that is simply to get ready for tough times. The more prepared we get the more likely we are to survive and economic downturn. And believe us, there is a lot that we can do to be prepared.
In this episode of Business Over Breakfast, we look at the signs that tell us things are going to get fiscally challenging and most importantly, what are the steps we can take to do something about it right here, right now. Thinking we are helpless and unable to do anything is the first big mistake. This is an important episode for every small business owner.