A Downturn is a difficult time for a company. Not only are sales slowing down, but many companies also have to cut spending and lay off employees. For some entrepreneurs, this is the low point of their career or business. For others, it is a chance to restructure the company and revitalize sales. In either case, if your business…
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Six Top Strategies to Help Small Businesses Survive a Recession
Posted on September 06, 2022
A recession is a frightening time for any business. It is especially more concerning for small businesses that may lack the financial buffer that the major corporations have. That is why it is critical to create a plan for a recession-proof business today. In this post, we look at six strategies to help small businesses survive a recession.
While a…
Best Practices for Doing Business During a Recession
Posted on August 30, 2022
It’s time for a bit of honesty when it comes to the economy - recessions happen. Some companies fail. Some entire industries fail. The bright side, though, is that business during a recession can be quite good in some industries. Just as the next season is inevitable, so too is the fact that a recession will come, and it…
How to Be Recession Proof
Posted on August 24, 2022
The idea of being recession proof typically applies to companies or industries as a whole. It typically means that the company or industry won’t feel the effects of an economic downturn no matter what the real cause. Understanding how to be recession proof, though, isn’t always an easy task, and while you might work within a recession proof industry,…
How to Recession Proof Your Finances
Posted on August 16, 2022
Many companies operate in industries that are essentially recession proof. Unfortunately, though, that’s not true for any company. There are, however, ways to ensure your business survives an economic downturn and your personal finances are protected throughout the darker days. In this article, we examine how to recession proof your finances.
Understanding Recessions
The idea of a recession can be daunting,…
Building Recession Proof Businesses
Posted on August 09, 2022
A recession. Just the word alone is enough to create fear for many business owners, yet economic recessions happen more frequently than you might imagine. In fact, on average, they happen every six years. While some last just a few months, others can last a year or more, creating serious issues for many companies. While you can’t prevent a…
Wondering if You Should Close or Sell the Business? Read This
Posted on July 26, 2022
If your business isn’t as strong as it should be, you may be beginning to wonder if you’ve reached the end of the road. For most business owners, it means one big question - should you close or sell your business? While it may seem like closing is the only real option because of the way your business is…
Small Business Owners: How to Value a Small Business Based on Revenue
Posted on July 22, 2022
What a company is truly worth can be a bit subjective at times. After all, almost all businesses start with an idea that’s carefully nurtured and grown to become something much bigger and more powerful. Whether you’re looking to sell the company you’ve worked so hard to grow or buy someone else’s company, understanding what a company is worth…
How Often Should You Have Your Business Valued?
Posted on July 19, 2022
You’ve had your business valued. You know exactly what your company is worth. How often do those numbers change, though? How will you know when to value your business again to ensure that you consistently have a grip on what your company’s current worth is and when that might change?
When to Value Your Business: Begin By Understanding the Purpose…
How Much is a Business Worth With 1 Million in Revenue?
Posted on July 14, 2022
In today's competitive market, understanding the value of a business is crucial, particularly when a company reaches significant revenue milestones. If your business generates $1 million in sales, it's more than just a number—it’s a tipping point that can attract the attention of investors, potential buyers, and financial institutions. The question "How much is a business worth with $1…
