EP 82 - How to Prepare for a Recession or Downturn in Your Business by Taking These Financial Steps

This week, I tackle the anxiety-producing subject of a recession and talk about ways that you can prepare for a downturn in your business by strengthening your money mindset and taking certain financial actions now.

A recession doesn't have to be a looming threat to your business. By taking the steps I discuss today, you can let go of the stress and be ready for any downturn whether it's a recession or simply a slow season.

In this episode, Danielle also discusses:

What is considered a recession and what happens during a recession | 2:28

The tools you need to strengthen your money mindset for a downturn | 4:50

What financial action steps to take to prepare for a downturn in your business or a recession | 8:55

Options for lines of credit and debt management| 12:35

Should you be doing what other businesses are doing in a recession | 17:00

Need help understanding your numbers? Join our Finance Framework Program and be a part of a community for business owners who want to take control of their financials! Enroll today!

The Finance Framework | https://www.kickstartaccountinginc.com/framework

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