Episode 8: A Quick Action Guide for Coping with a Recession

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Player FM과 저희 커뮤니티의 Anna Steinfest 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.

As a business owner trying to prepare for a long recession, you will be forced to make drastic moves to survive. Get and keep your company in survival mode with these management strategies for critical facets of your business, such as:

· Cash position (outflow/inflow)

· Debt position (debt control/debt planning)

· Payroll

· Communication

· Accounting/Tax planning

ABC Tip: Don’t take cash to maintain business as usual: consider the options!

By encouraging alternative, yet effective, approaches to cope with a recession, together with Dr. Michael Troyer, Anna Steinfest shares real ideas on surviving the 2020 recession! Dissect debt position into debt control, debt leveraging, debt bridging and debt planning with the highly informative tips in our ABC Podcast: Lessons in Success, Episode 8: A Quick Action Guide for Coping with a Recession.

Show notes:

Strategic options to reflect on for handling long-term and at-risk-of-default customers might include loyalty considerations, partial payment, and risk assessment. Michael and Anna reveal why a recession contingency plan should be a key part of your small business playbook. Our ABC Podcast Tip of the Week: Prepare a Recession Plan!

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