I want to talk to you today about foolproofing your business before an economic downturn.
Remember 2008? During that downturn, lots of people lost money. Lots of people lost their businesses. Thankfully, we haven’t had an economic downturn since then.
But what when there is another one?
How can business owners hedge against an economic downturn?
I think the best way to hedge against it as business owners, solo entrepreneurs, service providers, consultants – whatever you are – is that you commit to being a business owner.
You commit to being in business.
Don’t just willy-nilly and go around like, “I’m a business owner, but I’m not taking it too seriously and I haven’t committed.”
Let me ask you…have you truly committed to being in business?
When you commit to this is the way I want to live my life, and this is what I want to do in my life to make a living, then there’s no other options.
What practical steps can you take to hedge against any economic downturns? The first thing to do is get a solid business going, so that when the economy takes a shift, you already have systems, processes, clients and savings in place.
Right now is the perfect time to start building that better business! It’s time to PLAN, EXECUTE & PROFIT!
So… what are you going to do?
Are you going to commit? And what does commitment look like?
Ask yourself:
Am I’m going to work on having someone help me in my business to put these systems in place?
Am I going to invest in that?
Am I going to hire the people that I need in my business to help me grow?
Or am I just gonna leave my business to chance… “Oh, no, economic downturn? How did that happen? How’s that going to affect me?”
If you have built a solid business and you know how you’re getting leads in the door, you know how you’re closing your clients, you know what services you’re providing them, then you’re hedging against the down turn right NOW!
I encourage you today to make a commitment to yourself and your business to invest in whatever it is you need so that you have that solid foundation so your business can sustain through any economic downturn, any natural disaster, or anything that you have in your life.
Because I believe that when you build the foundation for your business, it’s going to run the way you intended it to because you know you can predict the outcome. This is how you can hedge against those unexpected things.
Create the discipline to save, invest in resources, and personal development so that when the wind blows, your business doesn’t blow away.
Is something that you think about?
If something financially happens, are you ready for it?
Leave a comment and let me know!
And if you’re not ready, reach out to me so that can help you! You can always reach me for a FREE consultation at www.passiontoprofitsession.com
