How to recession-proof your business
Updated | By The Money Podcast
What does it take for your business to remain competitive
during a recession? Find out in the latest The Money Podcast where we also discuss what every business needs to do to ensure they're able to
keep the doors open.
Recessions have a massive impact on the economy with many small
businesses often going out of business, as they’re unable to remain competitive as a
result of shrinking margins and increasing operating costs.
In this episode of The Money Podcast, wealth creators and entrepreneurs
Justin Harrison and Dawie Bester talk about what it takes to remain competitive
during a recession and what every business needs to do to ensure they are able to
keep the doors open during these tough economic times.
This episode also covers some interesting aspects in terms of
taking advantage of the recession cycle and encourages business owners to think about
recessions as an opportunity rather than an obstacle.
If you’re a business owner then this episode of The Money Podcast will provide you with loads of value and insight from two entrepreneurs who have years of experience. Click below to listen.
Being irreplaceable is not just about showing up to work. It is about adding value... to everything you do.- Justin Harrison
Meanwhile, recessions and job cuts go hand in hand because during recessions
companies have less money and the result is inevitably job cuts.
So the question is how can you recession-proof your career, and ensure that you become indispensable in your job?
In the last episode of The Money Podcast, Justin Harrison and Dawie Bester tackled this subject from the unique perspective of having been employers for more than 20 years and shed some much needed light on what it takes to not only keep your job during a recession but potentially even advance your career during these tough economic times.
This episode is full of great advice for anyone who is serious about advancing their career, be it as an employee or even as someone who is a contractor or self-employed. Click below to listen.
From 2007 to 2021, electricity has gone up by 753%. Inflation is up 134% during the same time, so that's more than six times the amount. That's just crazy!- Dawie Bester
Recently in the podcast, Justin Harrison and Dawie Bester tackled electricity prices and discuss which appliances use the most electricity in our homes. Some of these may come as a very big surprise to the average person.
This episode provides actionable tips and advice on how you can reduce your electricity bill simply by changing your consumption habits and being aware of how you use electricity.
If you’re frustrated with your rising electricity bill, then this episode is bound to help you and provide a some clarity when it comes to understanding power consumption. Listen below - it's a 15-minute listen.
More about Justin and Dawie:
Justin Harrison and Dawie Bester are two self-made entrepreneurs on a
mission to help South Africans become better at money. They're involved in multiple business
ventures and share a common passion for financial education, self-improvement
and simplicity, and these are the driving force behind all their ventures.
Justin Harrison is the author of eight personal finance books; he’s a
serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought
leaders in the financial technology space. He is a passionate South African,
father of three and avid sportsman who believes deeply that South Africa is one
of the best countries in the world.
Dawie Bester is also a personal finance author, personal finance coach, entrepreneur
and investor, and has been on the forefront of the digital finance revolution
for the last decade. He's a father of two, an avid sportsman, and believes
that South Africans can prosper with the correct motivation and
direction.
Catch them weekly in The Money Podcast with practical, down-to-earth
advice which you can take and action immediately. New episodes are released every Wednesday. If you would like to reach Justin and Dawie directly, please visit the links below:
YouTube
Website
We have dozens of episodes of this very popular personal finance podcast. If you're a new listener, find all The Money Podcast past episodes in the full channel below.
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