Is Your Business Recession Ready?
Trene Forbes Photography
Is Your Business Recession Ready?
Goldman Sachs Researchanalysts estimate that the risk of the economy entering a recession this year is 30% in the U.S.Roughly 65% of midsize businesses and 61% of small businesses expect a recession in the year ahead, according toJPMorgan Chase's2023 annual Business Leaders Outlook survey, and are doing the workNOWto prepare for what is possibly to come.
Effects of a recession may include lay-offs, reduced profits, or even ceasing business completely. In a recession, customers may delay purchases or payments for longer than usual, often because they are waiting for income to arrive themselves. What is it that you need to do to ensure you can survive a recession?
How can we:
Increase cash flow?
Trim non-necessity spending?
Acquire new recession-proof skills and offerings?
These are some of the questions we need to ask ourselves and gauge internally as event professionals! These are questions we will answer, alongside many more during our 2023 Coterie Retreat!
When you register for our 2023 Coterie Retreat you can learn, network, and grow, with more than enough time to take the Islands by storm and discover all it has to offer!