Sally Kohn: I wanted to ask you a question. How does a small business make money during a recession? What are the things that you would be looking out for? She says one of the big things, and just for context for everybody here, he has some good news. If by chance you were in a business that was adversely affected by COVID,. all three of my companies that I sold in 2021, but during 2020, were gym and brick and mortar focused. And almost all of them were not allowed to be in business.
Concerns about the economy are on the rise as the U.S. hit the debt limit last Thursday. If the “extraordinary measures” taken by the Treasury Department aren’t enough, it could create a financial nightmare for many Americans – including small business owners. How can you prepare your small business for the looming economic downturn?
In today’s episode, Donald Miller talks with Alex Hormozi, founder of Acquisition.com and author of best-selling book, $100M Offers: How To Make Offers So Good People Feel Stupid Saying No. Alex shares key tactics for preparing yourself and your business to withstand the financial pressure coming your way. Listen in to learn how managing expectations, adjusting personal finances, and increasing output will help your small business weather the economic storm on the horizon.
Follow Alex on Instagram at Instagram.com/Hormozi.
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