fbpx

The Resilient Retail Game Plan Episode 112

5 Tips For Running Your Business In A Recession

Podcast show notes

5 Tips For Running Your Business In A Recession

Recession! After the last few years we’ve all had, as small business owners, it’s the last phrase we want to hear cropping up on the news and in the papers – but unfortunately, a perfect storm of rising costs, increasing interest rates, ballooning inflation and falling wages all point to an imminent downturn in economic activity.

But not all is lost – far from it! I want to help you prepare for and weather the coming economic storm, as well as put into context what it actually means to be in a recession. In today’s episode, I delve into the numbers, articles, research and statistics to bring you my perspective on why you shouldn’t despair but perhaps even embrace the challenges ahead, and why you’re actually a lot better prepared than you may think you are.

In this podcast, we’ll take another look at the power of mindset and how your attitude can transform your business. We’ll revisit the fundamentals of knowing your numbers and nailing an effective sales strategy as well as digging into how identifying industry trends can help you better serve your customers. We’ll also discuss stock and how building up a cash buffer can help you keep your business operating as flexibly as possible.

Don’t forget – use the code: 10podcast to get £10 off your first month when joining The Resilient Retail Club.

Interested in being a guest or sponsor of The Resilient Retail Game Plan?

Drop us an email to let us know why you think you’d be a great fit for our audience of small businesses and independent retail brands

Get more on the mailing list

Heaps of small business retail advice for your inbox

Sign up the The Resilient Retail Club mailing list for totally free advice and business help, the occasional digital download, updates from our podcast and promotions for indie retail brands

More from The Resilient Retail Game Plan

Dive into another episode of our small business podcast

Episode 219

Practical Solutions to Avoid Stock Shortages: Consulting with Driftwood Designs

Stock Doctor with Catherine
Episode 218

Introducing the Stock Doctor

Christmas Strategy with Catherine Insights for Retailers
Episode 217

2024 Christmas Unwrapped: Insights for Retailers

Daniella Raffa, Founder of Mama Shack, Retailer Success Story on Resilient Retail Game Plan
Episode 216

Leaning Into Expertise a Retailer Success Story with Daniella Raffa of Mamma Shack

Lucy Greenwood Co-founder of Lucy & Yak Purpose-Led
Episode 215

Secrets to Purpose-Led Success with Lucy Greenwood of Lucy & Yak

Finding Purpose Jo Tuchener-Sharp Founder of Scamp & Dude
Episode 214

Finding Purpose In Your Brand with Jo Tuchener-Sharp Founder of Scamp & Dude

News you can use

Join The Resilient Retail Club mailing list to receive The Weekly Sales Review, jam-packed full of useful information, events and expert advice for indie retailers, online sellers, Ecommerce brands and independent small businesses