5 Tips For Business Owners to get through a Recession

The Jen Lister Podcast

I'm going to be sharing with you my five tips for business owners to get through the recession.

The time of recording this is October 2022. And we have had a hard few years with Brexit in the UK, we've had COVID, obviously, we've had so much going on. And now we are facing the recession. For those of you that have been through recessions before in your career in your business, you will know what it's like, and it is challenging.

For some people, this will be the first time they've gone through a recession in their business. So I wanted to give you my five top tips to get through the recession, because it is actually a time when businesses can thrive, businesses can come out the other side of a recession. But in order to do that, they need to have gone into the recession with a really strong foundation. So I'm going to share with you today my five top tips for getting through the recession as a business owner.

I'm also going to be sharing with you my question of the week. So this is something new for my podcast that I'm introducing. And I'll be sharing my question obviously on here, but also on my social media. So please take a look @JenListerCoaching on LinkedIn and on Instagram. And I would love love love to hear your responses to the question, which you'll hear at the end.

And next time, I will also be looking to share with you some of the great responses that I've got from you in the podcast.
My top tips for surviving the recession are:

1. Connect with your clients.
2. Create a new lead generator in your business.
3. Look at your financial position
4. Review your prices and your offers
5. My favourite - create a plan.

Following on from my discussion with the incredible Pariss Sailsmen... this weeks podcast question is 'What things can we do as business owners to promote black women in business?' I don't have all the answers. What I realise is collectively, we need to be brainstorming, we need to be co creating and coming up with what changes need to happen in order for us to get to this point where things are more equitable. I will be posting this on my social media @jenlistercoaching. And some of the responses will be mentioned in the next episode.
Thank you so much for listening to The Jen Lister Podcast. I truly appreciate every single one of you. If you'd like to leave me a review on your podcast app, I would love that. And if you'd like to follow me on social media, it's @jenlistercoaching on Instagram and LinkedIn.
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Music and production by the amazing Strike Productions