Do you know the 3 things that will happen to every business during a recession?
1. Some businesses will die.
2. Some businesses will survive.
3. Some businesses will prosper.
There are some new businesses that were barely making it when the economy was doing well. They were not prepared for a sudden economic change and don’t have much experience.
The sudden downswing in the economy could be the final nail in their coffin.
There are other businesses that have been around for awhile – maybe many years- but they don’t know methods to help most business withstand a recession.
Some of these businesses could also die during this time. Hopefully this won’t happen to your business.
But there are other businesses that will have a completely different experience during this time.
They will survive through this difficult time and some will even prosper.
- What will determine why one business dies and one survives?
- What will determine why one business survives and one prospers?
There is ONE thing that will determine what happens to a business during this time! What is it?
The choices they make.
*A SIMPLE CHOICE to do one thing instead of another could be the reason why some businesses survive during this time.
*A SIMPLE CHOICE to do something that few other businesses are doing–few even know to do–could be the reason why some will prosper during this time.
The problem for most is…
What are the RIGHT choices?
What are the WRONG choices?
Here Are The 3 Things You Can Do To Survive And Prosper:
I’m going to show you 3 things you can do to survive and prosper in a recession. These are things you can begin doing right now.
Today I’ll focus on the first thing.
The first thing you need to do is discover the common mistakes that most business make during a recession.
One way you can learn these mistakes is through trial and error. You can try something and see if it works. If it doesn’t you can try something else. (See my previous post on one of the most common mistakes I’ve discovered here.)
This way takes time and it’s also very risky.
It’s risky, because in a recession-like environment small mistakes can some times have deadly consequences for businesses.
A more effective way to discover the common mistakes is to research and find out what the “experts” say are the common fatal mistakes that most businesses make during a recession.
This way you will know from the start what NOT to do.
I would encourage you to begin researching these methods today.
If you’d like you can sign-up for the free previews at RecessionSolution.com and you’ll have a chance to see one of the interviews from Volume 1 and one from Volume 2.
This will give you an idea of some of the common mistakes that businesses make, so you can make sure you don’t do the same.
I’ll post the second thing you can do to survive and prosper in a recession in the upcoming days. Sign-up for the RSS feed at the top right or sign-up to be notified by email when I update this blog.