What should I do if the economy falters?

03/16/20 • 7 min

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With all the uncertainty surrounding our their surrounding COVID-19, a lot of business owners are wondering what's going to happen next. Many are questioning if this is going to kick-start a recession. Fear abounds! When people are afraid they often make decisions that will have lasting unintended consequences. One common reaction is to cut back on marketing. Dozens of studies over the last hundred years have indicated that this could be the worst thing you can do and can easily lead to much worse cuts down the road. In this episode, we explore the reasons why marketing yourself properly during rough times can help guarantee your survival and significantly increase your market share when the economy comes back (and it always does).

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Is your brand what you think it is?

When people hear your business' name in the community, what is their first thought? Is it positive or negative? Oftentimes, our brand isn't what we think it is (or want it to be). The brand of your business determines its success in so many ways. If the actual brand and our desired brand don't match, you cold be heading your business down a very dark path.

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Special: COVID-19 and your business. Be Calm!!!

Great leaders can't lead unless there is an opportunity to lead. During crisis such as that surrounding the coronavirus, anxiety is high and panic often lies just below the surface in the minds of many people. Such situations give business owners the chance to really separate themselves from others. Calm is contagious. If you remain calm and kind with your venders, your customers, and your employees, they'll remember that. When the smoke clears and normalcy returns, your business will benefit.