Worth It

  The recession of 2008-09 may have occurred nearly a decade ago, but it’s still a painful memory for many entrepreneurs. Unfortunately, economic downturns are a fact of life when you’re running a business. But there are steps you can take now to prepare your business to weather a storm and emerge even stronger. On this Worth It Episode, we will share 5 tips you can use to help you prepare for a recession. Here’s What You’ll Learn [2:30] Preparing for a recession [5:15] #1 - Be financially prudent before the crisis [8:45] #2 - Be indispensable [9:30] #3 - Diversify your income [10:45] #4 - Change your mindset [14:30] #5 - Take advantage during the recession [19:30] Toujours Worth Software - Guided Wealth Portfolios [21:15] Worth It Inspirations Tip #1: Be financially prudent before the crisis It’s a great idea to start planning before the crisis hits. We recommend saving enough cash to cover 3-6 months of expenses. If you have children, saving for more than 6 months is a wise idea! It’s also a prudent idea