There are several things you can do to help ensure your business thrives during a recession. One is to offer additional services that may be in demand during tough economic times.
For example, if you run a catering business, you could offer budget-friendly meal plans or cooking classes. If you offer mowing services, you can also offer other lawn care services such as aeration, edging, etc. Or If you’re a trial lawyer, you could also offer mediation services. Being open to brainstorming and coming up with different ideas on how to recession-proof your business can give you some techniques you may have never tried before.
Thinking Outside the Box
Think outside of the box, and push yourself to view your business from different perspectives. When you try new things outside the realm of your normal thought processes, you get different results. These ideas may seem crazy at first. Sit with them for a few days, and use your judgment, but keep an open mind. And don’t wait more than a few days to take action.