How Does a Small Business Owner Prepare for a Recession?

In times of economic uncertainty and possible recession, it’s not only the numbers that tumble – it’s dreams and plans, too. What small business strategies are you employing NOW to thrive during this prolonged period of economic uncertainty? How are you preparing – or better yet, ARE you preparing? Does “recession” even figure into your strategy today? It should.

That being said, I did a quick Gen AI search, out of curiosity, to see how AI suggested small businesses prepare for a recession.

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

With one small tweak in Point 5 below, the following becomes a solid list of small business evergreen strategies to employ every day to grow your business and make it stronger, regardless of economic uncertainty and a possible recession.

Here’s how:

✨ Prioritize customer relationships

✨ Enhance operational efficiency

✨ Manage cash flow effectively

✨Adapt and innovate

✨Build a recession-proof mindset.

💎  Here’s the fix to make this one evergreen: Substitute “positive” for “recession-proof,” and you’re good to go.

How Do You Consistently Work in All Five Areas?

One way is through MEG Community.

MEG Community Quarterly or Annual Premier Tree Membership

Premiere Tree members work on these five areas regularly in two meetings per week, and specifically in our Thursday POWER HOUR meetings.  

Weekly POWER HOUR Meetings

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

POWER HOURS are held Thursdays, Noon to 1 PM ET. They are a combination of collaboration and support – asking business questions and getting feedback from your peers – plus doses of inspiration and education, all leading you to ACTION.

Weekly Early Bird+ Meetings –  Cowork and Spot Coaching

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!

Coming Soon

And we are constantly striving to add even more value to MEG Community members. A third weekly meeting will soon be held for Premier Tree members. You can subscribe to our newsletter to stay informed about what it will include, when we will meet and when it will launch.

Professional development for small business owners shouldn’t break the bank. Check out the details here about our affordable Premier Tree Memberships, available quarterly or annually.

MEG Community Monthly Branch Membership

If you want a taste of MEG Community, join us monthly as a Branch Member, where you can join us for our weekly Early Bird+ meetings we talked about, Cowork and Spot Coaching. Early Bird+ meetings are held Tuesdays, 9 AM to 10:15 AM ET.

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].