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53 - How Your Business Can Survive a Downturn
Manage episode 467241777 series 3504714
Kari Lotzien에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Kari Lotzien 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
In this episode, we are tackling the challenging issue of declining revenue and sales. Drawing from real-life experiences and observing the recent closure of major Canadian retailers, I am sharing actionable strategies for small business owners.
Key points include understanding your financials, engaging with your team and customers, analyzing shifts in buyer behavior, and optimizing existing products rather than jumping to new ones. When times are tough, the importance of community support, timely feedback, and proactive measures are integral to getting through i
00:29 When Revenue is Down
02:04 Lessons from a Favorite Company
03:10 Understanding Your Financials
04:40 Common Reactions to Revenue Decline
06:52 Analyzing Buyer Behavior
17:34 Learning from Successful Companies
21:13 Summary and Final Thoughts
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