233: How Businesses Can Prepare For Recession

25:51
 
Share
 

Manage episode 262364982 series 2416596
By Rea & Associates. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This is certainly a time of uncertainty for the business community and nobody knows exactly what the future will hold. But one thing is certain in uncertain times, especially uncertain markets: your business needs a plan before things go bad.

So we called up Jeremy Senften, Chief Operating Officer here at Rea & Associates, to get his take on recession readiness and what businesses can do now to ensure that they are able to stay afloat over the next coming months. Jeremy has been grappling with a variety of scenarios for months – long before coronavirus — in an effort to avoid a repeat of the last recession. In this episode, he’s going to share insight, best practices, and tips you can take back to your own organization as you formulate a plan for survival.

Listen to this episode of unsuitable to learn:

  • How to create a plan for a recession before you need to use it
  • Why you should identify one or two main “objectives” to your plan
  • How to document, categorize, and priorities the items in your plan

Learn more about this topic:

If you like this episode of unsuitable on Rea Radio, hit the like button or share it on social media. You can also use #ReaRadio to join the conversation. You can also watch the podcast in action on the Rea & Associates YouTube channel and access additional resources at www.reacpa.com/podcast.

261 episodes