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’re ready for the coming storm.
You’ll 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’s 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
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Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/
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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.
