Episode #17 - Building a Recession Proof Small Business
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Episode #17 - Building a Recession Proof Small Business
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Recessions, inflation, supply chain disruptions—every business faces storms sooner or later. The question is, are you ready for them?
In this episode, Dennis Siggins draws from more than 40 years of business experience to share what really works when it comes to building a recession-proof small business. We talk about how to read the signs of a downturn before it hits, why keeping strong financial records matters more than ever, how to build the cash reserves that can keep your business steady, and why carrying too much debt can cause you to miss the opportunities that often arise during tough times.
We also dive into lessons from past downturns—including the 1970s, the 2008 financial crisis, and the COVID era—and why proactive leadership always beats reactive decisions when the economy gets rough.
If you’re building or running a business of your own, this is an episode you won’t want to miss.