How do you drive growth in a recession?
How do you drive growth in a recession?
Recession-Proof Your Business: 6 Strategies to Drive Growth and Thrive During Economic Recession
- Focus on Providing Value. ...
- Diversify your Customer Base. ...
- Expand your Product or Service Offering. ...
- Be Proactive in your Marketing and Sales Efforts. ...
- Stay Flexible and Adaptable. ...
- Focus on Building Strong Relationships.
How long do recessions last?
According to the National Bureau of Economic Research (NBER), the average length of recessions since World War II has been approximately 11 months. But the exact length of a recession is difficult to predict. In general, a recession lasts anywhere from six to 18 months.
How much cash should you hold in a recession?
An economic downturn can put strain on your finances. Most experts recommend having at least three to six months' worth of living expenses saved up and easily accessible in case of emergency.
How bad will 2023 recession be?
Key Takeaways. U.S. strategists expect a meaningful earnings recession of -16% for 2023 and a significant recovery in 2024.