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Mar 16, 2020

If you’ve been paying even just a little bit of attention to the news headlines over the last couple weeks, you’ll know that the US economy is not looking good. Between Coronavirus and a huge downturn in the US stock market, Americans are feeling a bit on edge about the immediate future.

Economists are in agreement that a recession is on the way (I think it’s here already). What does that mean for your online business?

It means you need to adapt and have a plan.

That’s why in this episode, we discuss:

  • What we can learn from these uncertain times as entrepreneurs

  • Which types of businesses will be most impacted by the economic downturn

  • The increasing importance of a business’ savings

  • How to create an emergency fund for your online business

  • Why there is still potential for growth as a business owner in a down market

  • Why understanding your numbers can help you plan for future cash flow challenges