You donât beat a recession by luck.....
Recessions donât change the rules, they expose them. If your business is built on shaky ground, it crumbles. If you build on the right principles, downturns actually give you an advantage. Letâs break it down. 1. Stay in Demand When money gets tight, people cut luxuries first. But they donât stop needing the basics. Grass still grows. Toilets still clog. Homes still need cleaning. Cars still break down. - Point blank: build your business around a need, not a want. 2. Keep It Simple High overhead kills in a downturn. If your business only works when the economy is booming, youâre vulnerable. Service businesses are simple â a truck, tools, and consistency. - Rule of thumb: stay lean so you can bend without breaking. 3. Recurring > One-Offs The businesses that get wiped out rely on one-and-done jobs. The ones that survive set up repeat customers, contracts, or ongoing services. - Translation: make cash flow predictable, even if new leads slow down. 4. Trust Beats Flash During tough times, people buy from who they trust. Not the flashiest ad, not the cheapest price â but the business they know will show up and do the work. - Focus: build real relationships and a reputation that carries you. 5. Cash Flow Over Growth Chasing âbig growthâ in a recession is how you go broke. The game is survival. The business with cash on hand wins every time. - Move: protect cash flow first, growth second. Recessions end. Most of your competitors wonât make it. If you survive, youâll be the one picking up the market share they left behind. - Strategy: outlast, then expand.