How Does a Small Business Owner Prepare for a Recession?

There is talk of a recession. What small business strategies are you employing today to thrive during a recession? How are you preparing? Does “recession” even figure into your strategy today? It should.

That being said, I did a quick Generative AI search, out of curiosity, to see what AI suggested.

Honestly, the response was what any good small business owner does all…the…time, regardless of a possible upcoming (or currently occurring) recession.

Five Strong Business Strategies, Recession or Not

Well, with one small tweak in point five, below. See how I fixed that to make this your evergreen list for consistently building a strong foundation and growing your business.

Here’s the list and the fix:  

✨ Prioritize customer relationships

✨ Enhance operational efficiency

✨ Manage cash flow effectively

✨Adapt and innovate

✨Build a recession-proof mindset.

💎  Substitute “positive” for “recession-proof,” and we’re good to go.

MEG Community Premier Tree Membership Has You Covered

I have to smile. In MEG Community, we work on these regularly in our Thursday POWER HOUR meetings.  

What is POWER HOUR? It’s an exclusive benefit for Premier Tree Members of MEG Community. Think mini-mastermind with a “water cooler” vibe and you will begin to understand MEG Community.

POWER HOURS are held Thursdays, Noon to 1 PM ET.  

Premier Tree members also meet on Tuesdays, 9 to 10:15 AM ET, for Early Bird+ – 9 to 10 AM ET for Cowork, and 10 to 10:15 AM ET for Spot Coaching.

That’s eight amazing meetings per month for Premier Tree Members!

And we are constantly striving to add even more value for MEG Community members. A new weekly meeting will be added soon. You can subscribe to our newsletter to stay informed on what it will include and when it will launch!

Professional development for small business owners shouldn’t break the bank. You can invest in our affordable Premier Tree Memberships quarterly or annually.

If you want a taste of MEG Community, join us monthly as a Branch Member, which gives you access to Early Bird+. That’s four amazing meetings per month at the Branch Member level!

If you have questions, please reach out to [email protected] MEG Community, where small businesses come to grow.  

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Hi, I’m Robin Suomi, small business coach. I work with solopreneurs and micropreneurs, from launch through growth phases. No excuses. My services include Small Business Blueprint Course: Build Your Success Plan in 5 Weeks!, 1-1 coaching, dedicated growth and startup masterminds and MEG (My Entrepreneurial Growth) Community.

Do you have questions about your small business launch or growth? Let me have them. I *love* to talk all things small business. You can reach me at [email protected].