Recession or economic slowdown. Whatever you call it, it’s a timely topic of discussion. We’ve covered it several times here already at Small Business Trends — here are just a few of the more popular articles:
Four Mistakes Entrepreneurs Make in a Recession
Now we also have a radio show with tips for how to not only survive, but thrive during slow economic times.
David Rudofsky, Founder of Rudofsky Associates shared some recession survival tips and some valuable insights in a recent Small Business Trends Radio episode.
Here is a brief overview of just a few of the topics discussed:
- An Internet presence is crucial — as Internet sales are likely to see a significant increase due to rising fuel costs and a desire by consumers to consolidate excess travel spending.
- Grow your business through acquisition — because a recession is a good time to acquire property and assets at very reasonable prices. Your investment is likely to increase and your business can benefit from the growth and expansion.
- Consider taking your business global — because small businesses can receive assistance from the U.S. government to expand into foreign countries. David says, “With the weakness of the dollar, now is the opportune time.”
David is in his fifth year advising small businesses on financial strategy and he shares many of his tips and survival insights.
To hear David’s interview about recession survival strategies, click the arrow below:[display_podcast]
Small Business Trends Radio is sponsored by: JumpUp.com and Infusionsoft