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How to Adapt Your Small Business in a Recession

How to Adapt Your Small Business in a Recession

21mBeginner2020-06-03

Authors

Jay Clouse

Jay Clouse

Writer and Entrepreneur from Columbus, Ohio

Course details

Recessions thrust a number of unfair challenges upon small businesses. While business owners can't fix the larger problems that sparked the economic downturn, they can still take action to push their organizations forward. In this course, instructor Jay Clouse shows how to do just that, sharing strategies that can help you quickly adapt to changing customer demands during a recession. Get tips for identifying new moneymaking opportunities for your retail, food and beverage, or service-based business. Learn how to leverage existing customers and advocates to find new customers, partner with other businesses on unique collaborations, and quickly move your business online. Plus, Jay gives you tips for crafting a marketing strategy focused on guiding and supporting your customers in tough times.

Skills covered

Small Business ManagementSmall Business and EntrepreneurshipOne-Off

Concepts

0. Introduction

  • 01 - How to adapt your business during difficult times

1. Identify New Revenue Opportunities

  • 02 - New revenue ideas for retail businesses
  • 03 - New revenue ideas for food and beverage businesses
  • 04 - New revenue ideas for service-based businesses

2. Start with Existing Customers and Advocates

  • 05 - Create a contact list of customers
  • 06 - Leverage your advocates to sell more

3. Rethink Your Marketing

  • 07 - Making your customer the hero
  • 08 - Being consistent with your content efforts
  • 09 - Creating offers that fuel decision-making
  • 10 - Finding partners to collaborate with

4. Move Your Business Online

  • 11 - How to build and leverage your website
  • 12 - How to develop a social media strategy
  • 13 - How to create an online store

Conclusion

  • 14 - Your business can adapt to difficult times

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