How the Economic Downturn Is Affecting Small Businesses?

Does the economy have you worried? I know that the words inflation and recession have been hot topics in several small business groups that I'm in, and I know that people are worried. Today, Jess Van Den of Create and Thrive joins me to talk about how small businesses, particularly in the handmade space, can prepare for and survive through these types of economic downturns. 

Jess is the founder of Create and Thrive, a community for handmade product makers where she teaches them how to craft the business they've dreamed of. Since 2013, Jess has helped 1000’s of makers to create a thriving and profitable handmade business. Jess teaches what she knows. She owns and operates a successful jewelry business selling online and wholesale to shops. 

On today's episode, Jess shares how she accidentally started two businesses with a startup story that is oddly similar to my own! Then we dove into talking about recession, inflation, and what business owners can do to adapt during these times. We specifically talk about ways to diversify your revenue streams, why you need to be auditing your expenses, and the importance of surrounding yourself with a trusted community. 

Today's episode is brought to you by our Proof to Product LABS program. If you are looking to strengthen your business foundation and are looking for coaching and a trusted community for support, come join Proof to Product LABS. Our vault of on-demand trainings run deep, but the incredible community, the connections, and the collaborations are like no other. If you sell physical products, come join us! This is a space that was intentionally built just for you.

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You can view full show notes and more at prooftoproduct.com/287.