147: Recession-Proof Your Business

Published: May 31, 2023, 8 a.m.

b'

A recession is looming, and knowing how to withstand the storm is vital to staying financially healthy in your business and home.

Surviving a winter means shoring up your cupboards, and the same applies when it comes to weathering a recession.

In this episode of Life Life Rich, Marissa gives you seven steps to take to make sure you\\u2019re ready for the coming storm.

You\\u2019ll hear how following these seven simple steps can keep your business healthy while setting you up to earn more in the future.

In this episode, you will hear:

  • The encroaching recession and how it\\u2019s beginning to impact people
  • Why preparing for winter is a lot like preparing for a recession
  • Begin shoring up your business to withstand a recession with three to six months of expenses
  • Leveraging debt is a lever you can pull to protect yourself
  • Review and assess your risks now with three core questions
  • Take control of your expenses now
  • Position your profits to multiply
  • Focus forward on new opportunities
  • Get a plan in place with five key questions

Follow and Review:

We\\u2019d love for you to follow us if you haven\\u2019t yet. Click that purple \'+\' in the top right corner of your Apple Podcasts app. We\\u2019d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select \\u201cRatings and Reviews\\u201d and \\u201cWrite a Review\\u201d then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.

Supporting Resources:

https://marissanehlsen.com\\xa0

Facebook: https://www.facebook.com/marissa.nehlsen

Instagram: https://www.instagram.com/marissanehlsen/

Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

Get my \\u201c15 Ways to Create Cash in Your Business\\u201d download: https://15stepstofreedom.com

Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/

***

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.

\\xa0

'