Episode 37:

Planning for a Downturn

July 6, 2020

Episode in a Nutshell:

 

Are you worried whether your business will weather our current economic storm? Wondering how long it'll last and how to make sure you still have money for your pocket? Let's talk about navigating a downturn and the lessons it can teach us about our business.

 

In this episode, we discuss:

  • How to use your numbers to make strategic decisions for your biz in a contracting economy.
  • Focus on what's working well and cut anything that's not driving your primary business.
  • Why this may be the best thing that's happened for you and your business in the long run.
  • Ways to think about your financial flow that will help you stay profitable when the market gets tough.
  • What will ultimately help you stay afloat in the next 2-3 years.

Reach out to me at Liz@LizLajoie.com if you have any questions!

 

I'd love to hear from you! To submit a review of this podcast, just visit this link and walk through the super easy steps to let us know what you think: https://ratethispodcast.com/zenmoney

 

Thanks in advance for your feedback!

 

And check out the Zen Money QuickStart Kit to learn what to do and when, and never miss another bookkeeping step with this link:

www.zenmoneymap.com/kit

 

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Hosted by:

Liz Lajoie, Zen Money Strategist & CFO

Liz Lajoie, the “Zen Money CFO”, helps entrepreneurs master their finances and grow thriving businesses that support their passions and advance their big missions.

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