No one will forget the Great Recession of 2008. Small businesses were hit hard, and we didn’t get a bailout. In fact, more than 200,000 small businesses shuttered during the last recession. You must focus on how to take make sure that your business will survive this historic time in history. You must start on recession proofing your business, make financial decisions, and securing bank loans and alternative financing for your small business. Are you tired of hearing about the slowing economy? Fewer openings, more layoffs, and everyone wants more for less, while your business expenses keep creeping up. Banks are getting tough with their lending practices. Times are tight, but this is a perfect time for an aggressive small business. You’ll need to get smart about your marketing and business operations to recession-proof your business. Covid-19 is very similar to a recession or a depression depending on what type of business you are in.
Joining us for our discussion on The Change Up is Melinda Emerson who is on the phone from from her Philadelphia office . Melinda F. Emerson, Smallbizlady, is one of america’s leading small business experts. She is an author, speaker and small business coach whose areas of expertise include small business start-up, business development and social media marketing. As CEO OF Quintessence Group, Melinda develops audio, video and written content to fulfill her mission to end small business failure. She is the author of Become Your Own Boss In 12 Months: A Month By Month Guide To Business That Works. Welcome Back To Mastering Your Money, Melinda Emerson.