Recession Proof Yourself

5 Tips To Recession Proof Yourself and Your Business

1. Cut Spending and Start Saving - You need to do this today. It is like being on a diet and in case you want to lose a few extra pound you must not consume more calories than you can burn off in a day. Don’t spend more than you actually make.

2. Who Owes You Money - Anyone? Anyone? Make a list and start collecting or making negotiations with those who owe you. Get the money now or a promise to pay in case they aren’t able to pay in the future.

3. Ramp Up the Customer Service - If you’ve ever read Tim Ferris’ 4 Hour Work Week you will know that you should only focus on customers who bring you the best business. High maintenence customers who complain about pricing sap your energy. Cater to your customers who know the value of hard work and a dollar. You don’t have to dump your other customers just don’t pursue them. If you do want to get rid of a customer who is a drag, raise your prices. It will free you up to tend to your best customers.

4. Get Competitive - Competing is trying to be better than the other guy. Being competitive is being the best that you can be. Re-educate yourself in your industry or go back to school and learn a special skill or earn a specific degree. Don’t try to be better…just BE better!

5. It is Who You Know - Never underestimate the power of networking. You never know who you will meet where or what you can do for them or what they can do for you. You should be networking 24/7 to keep yourself recession proof and that means in business as well as your personal life.