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Tips to Recession-Proof your Business

  • Don’t panic
  • Marketing is a must to break through the clutter and keep your name out there. 
  • Keep running ads, do PR, e-mail blasts, etc. 
  • Keep staff lean and professional, but continue to interview so you can ramp up quickly if need be
  • Cross train employees
  • Have fun brainstorming sessions – snack sessions, lunch ‘n learns to keep morale high
  • Find a way to distinguish your services – faster turnaround, more creative, better results
  • Tier your services so clients are able to buy tactics that best fit their budget and promotional needs
  • Always scout for new services to keep your company at the forefront of your industry
  • Travel to see clients in person
  • You never know when you might meet a prospective clients, so always be prepared with business cards and a quick pitch about you business
  • Go to networking events
  • Get more bids from vendors/look for less expensive vendors
  • Ask vendors to refer business to you
  • Make sure you’re paid on time to keep cash flow even
  • Look for opportunities with Recession-Proof sectors such as healthcare, food & beverage and some consumer products
  • Don’t get discouraged