Are You Recession Proof?

“Just because there is economic turmoil all around us, it doesn’t mean we have to be affected.”

- Shelagh Cummins

If you’ve become worried about and preoccupied with what COULD happen during the recession, then this episode will help you refocus on your next power moves and set yourself up for your best-case scenario!

Cards on the table: there WILL be an economic downturn. That is a fact. In fact, the recession has already begun — you may have already noticed an effect on your own finances or on the finances of those close to you. But focusing on the things that you can’t control takes your attention away from those you CAN.

Tune in to learn the moves that you can make right now to recession-proof your business, how lessons learned during the pandemic will help you stay on track during the downturn, and why the looming recession holds a secret silver lining for entrepreneurs!

Remember — if you survived the pandemic, then you’re already strong enough to get through the recession!

In‌ ‌this‌ ‌episode of the Road to Seven podcast,‌ ‌you’ll discover:‌ ‌

  • Why being a small business owner at this moment is actually advantageous  

  • Two questions that can help drive every decision you make during a time of crisis

  • When you should decline offers or upgrades when it comes to new loans or lines of credit — and when you should accept

Highlights:‌ ‌

01:03  Intro

02:20  What is a recession?

03:30  Our advantages

04:41  Pandemic lessons

06:22  Cash flow & stockpiling

08:13  Releasing dead weight

09:49  Monitoring your accounts

11:17  Taking on new debt

14:04  Why me?

16:02  Why now?

18:26  Recap

 Links:‌

Capital Access Program

https://www.theroadtoseven.com/capital-access-program 

To work with me and make your next power move, visit:

https://theroadtoseven.com ‌

Stay Connected

Like what you’re hearing? Click here to subscribe in iTunes for more episodes to boost your Road to Seven today! I have more episodes with great tips and conversations with women that are revolutionizing the way we do business - don’t miss it! 

You can also join the Road To Seven Facebook group to meet other like-minded entrepreneurs who want to band together and help each other rise up.  

I would be really grateful if you left a review on iTunes so that others can find and boost their business too! Just click here to review, select “Ratings and Reviews” and “Write a Review” I’d also love to hear what your favourite part of this episode is in the comments below. Thank you! 

Follow me!  

Instagram: @shelaghcummins  

Twitter: @shelaghcummins  

https://facebook.com/ShelaghCummins  

https://linkedin.com/in/shelaghcummins

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Course Correcting During Rapid Expansion

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Niching Down In The Auto Industry with Emily Chung