Tips to Recession-Proof Your Business Strategy

Welcome to a new episode of Business Lunch! In this episode, hosts Roland Frasier and Ryan Deiss discuss essential strategies for businesses to not just survive but thrive during economic downturns. They cover topics such as diversifying revenue streams, reducing debt, leveraging AI, and much more to ensure your business remains resilient and profitable. Highlights: "Investing in technology can cut costs and boost efficiency." "Strengthen your customer relationships; they're your most valuable asset." "Always be upskilling your employees to enhance their value." Timestamps: 00:00 - Diversifying Revenue Streams: The Smart Way 01:17 - Introduction and Current Business Climate 02:28 - Economic Shifts and Business Adjustments 05:00 - Indicators of Economic Recession 06:14 - Building Cash Reserves for Stability 08:08 - Reducing Debt to Free Up Cash Flow 10:14 - Reassessing and Prioritizing Expenses 17:11 - Leveraging AI for Cost Reduction 18:54 - Upskilling Employees for Greater Efficiency 27:41 - Acquisitions as Growth Opportunities CONNECT  • Ask Roland a question HERE. RESOURCES: • 7 Steps to Scalable workbook  • Get my book, Zero Down, FREE To learn more about Roland Frasier 👉  https://msha.ke/rolandfrasier/ Connect with me on social: 🎵 TikTok:  / rolandfrasier    📸  Instagram:  / rolandfrasier   📱 Facebook:<a...