#24: How to Prepare Your Business For A Downturn
"Essential financial keys to ensuring your business will survive during this economic downturn:
1) Understand HOW what's going on in the economy IMPACTS your business SPECIFICALLY (micro vs. macroeconomics)
2) Do a Sensitivity Analysis: a sensitivity analysis looks at your top revenue generators and sees their sensitivity to what's going on externally.
3) Understand your Cash reserve: How long can your business survive the loss of a large client or a significant disruption?
We dive into these topics and other keys in this week's episode.
=============================
For More Growth Resources & Support inquiries please go to: https://www.bizprofitsecrets.com/
Get on the waitlist for our next money mastery program session starting Jan 2023:
https://www.bizprofitsecrets.com/sbcfoprogram
Grow Your Profits (Subscribe to the Newsletter): https://view.flodesk.com/pages/639e74b346c0a5596e034674
=============================
Connect with Us:
Instagram: https://www.instagram.com/businesstalklibrary
Website: https://www.bizprofitsecrets.com/
Facebook: https://www.facebook.com/TLTurnerGroup
Email: contact@tlturnergroup.com
#businessprofitsecrets #stuffyouraccountantisnttellingyou #tlturnergroup #businessowners #accountant #entrepreneur
"
-
1:01:30
The Quartering
1 hour agoTrump Raises Massive Funds, OnlyFans Backfire, Dana White Torches Cancel Culture
2.77K17 -
7:06
KFC Radio Clips
3 hours agoShane Gillis Tells Us His Worse First Date Story
6.51K4 -
59:42
Ben Shapiro
3 hours agoEp. 1989 - The Debate Is COMING
35.8K35 -
LIVE
ItsMossy
5 hours ago🔴🔴LIVE NOW ITS FRIDAY🔴🔴 - #RumbleTakeover
604 watching -
1:07:00
Russell Brand
6 hours ago“Something BIG is about to happen” - EXCLUSIVE Alex Jones Interview on INFOWARS shut down - 391
135K466 -
1:00:45
Dr. Eric Berg
4 days agoThe Dr. Berg Show LIVE June 21, 2024
41.1K9 -
1:26:31
Benny Johnson
4 hours agoBiden Goes into HIDING! 'Debate Prep' for a WEEK, Dems Declare 'Its Over' | Trump ROLLS In The Polls
67.9K139 -
58:43
The Nima Yamini Show
2 hours agoNIMA X RICH COOPER
12.4K -
1:55:58
Film Threat
17 hours agoACOLYTE! PLUS MEN ARE BACK! THE BIKERIDERS AND EMMA STONE BARES ALL | Film Threat Livecast
30.6K1 -
14:51
Dr David Jockers
3 hours agoTop 7 Tips to Balance Blood Sugar and Burn Fat
8K3