Five Strategies to Protect Your Business from Recession

Throughout history, there have been periods in a nation’s economy where things just crash down. What follows are severe effects as most people can’t even meet their daily obligations.
The Great Depression led to worldwide economic failing and many people lost their livelihoods.
Similarly, the financial crisis of 2007/08 also left a lot of businesses out in the cold, unable to survive. As a result, it has become prudent for business owners to put in place measures. These measures will help them sail through any difficulties that may come.
But what exactly can be done to help a business survive any recession?

Have a tight leash on your cash flow

It is no secret that a great number of businesses fail within their first few years. The reason?
Cash flow issues. Most businesses have no idea how much they are making and spending, and this can be a terrible thing if the business is spending more than it is making.
The first step is to get a grip on your finances. Have a clear outline of what your money is doing.
Also, create an outline of how you are going to use this cash flow to increase your profits. Your pan should be flexible enough to have contingencies for various types of economic issues that may arise.

Have multiple revenue streams

This is not just sound investment for a business, but also for you as an individual. A single source of income can be greatly affected in case of a recession, or a worldwide pandemic. This issue can be remedied by having several income streams for your business. When the situation does come to the worst, you will still have some income as not all streams will be affected.

Invest in the relationships you have with clients

A lot of marketing is centered around a sales funnel where the emphasis is on attracting new clients to keep the income rolling in. Once a purchase is made, most pay little attention to their customers.
Repeat customers can be the greatest thing to happen to your business as you won’t have to spend large amounts of money to convince them to choose your business. Simply maintaining a relationship with them and maintaining excellent service to them.

Build with the intent to sell

If you were going to sell that business, wouldn’t you ensure that its operations are top-notch?
This is the only way you are going to rake in the big bucks, isn’t it? Now, you don’t have to sell your business at all, but treating it like you are going to sell it means everything will have to be functioning like a well-oiled machine.

Don’t wait for problems to get financing

Every instinct tells you to avoid unnecessary debt, and a lot of advice columns will reiterate this.
Will this is sound advice, it is also a missed opportunity to grow your business. Banks are already preparing for the next crisis. When it does come, the first thing they will do is limit access to credit. If you are in a cash crunch then, your business will no doubt fail.
A prudent business person will make use of this facility in good times to help finance their growth and development. When that cash crunch does come, you will have insulated your business from unnecessary debt.

New Health and Wellness Books for Year 2020.

It’s not just enough to get up every morning, have fruits for breakfast and stick to some diet that you picked up on the internet. Being healthy isn’t just a matter of eating the nearest green matter you come across. That’s just a part of it.

Being healthy involves looking at a lot of aspects of your life, from your food to your exercise regimen, even to how you sleep and how many miles you walk. There’s so much that goes into it, it would literally need a book to help in understanding everything.

And that’s what several authors have done. They’ve come up with books to help guide you towards achieving the healthy living you’ve always dreamed of, but haven’t truly achieved. Here are some of the best title for the year 2020.

Body Love Every Day

This is an excellent book by an author and nutritionist you may very well be already aware of. Kelly Leveque has done it again. This is after her bestseller, Fab Four, which illustrates how to use four different nutrients, namely fiber, fat, protein and greens to help maintain a balanced diet for every type of individual preference.

This new book explores different meal plans based on four different archetypes of eaters that she has come up with. These archetypes cover a large majority of the known eaters and the meal plans that will help these archetypes achieve the healthiest versions of themselves possible.

In the FLO

Here is a book that has been specifically written to help women achieve their best form by tailoring a nutrition plan that takes into consideration one of the things that define a woman; the menstrual period.

During this cycle, the natural hormones of the body tend to take a toll, and with poor nutrition, it becomes difficult to handle issues such as PMS and other hormone related conditions.

This book is first and foremost, and educational tool to help women better understand their bodies. It is with this knowledge that they can then start to see where the problems are, and how to manage, or completely improve those issues. This process of bettering oneself according to the knowledge of the body has been referred to as “biohacking.”

This book is by none other that the reputed author on women’s health, Alisa Vitti.

Boundless

Here is a very interesting book by the well renowned author, Ben Greenfield. If there’s one thing that the movie Lucy captured well, it’s the fact that every person would love to be limitless in their lives. The ability to immediately understand the most complex things, the ability to climb mountains like you had mountain goat genes running through you is something that everyone would be wowed by.

This is a book that takes an objective look at how to improve function through various spheres of your body; from upgrading your brain, to optimizing how well your body operates under different conditions. The entire aim of this is to achieve peak body and mind performance, as well as increase your longevity.

How to Train Yourself to Think and Feel More Positive

The title itself may have made you feel uncomfortable. You might be wondering, are we trying too hard to be happy and fulfilled? Are we putting too much pressure on ourselves? As simple as it may sound, it’s very difficult to discount the impact that actual positive thinking can have on your life. Just from positive thinking, it’s possible to reduce your chances of developing stress related illnesses such as high blood pressure, anxiety and even depression.
So how do you go about it? Here are a few times brought to you by Beecholme Adult Care in Surrey.
Start in the morning
 
Yes, your day will be determined by how you begin. If you start your day all grumpy, that’s the tone that will have been set for the day, and it'll be difficult to shake it off. If you however start it with a positive outlook, that’s how your day is going to be.
Even if you don’t feel like it, encourage yourself. You can talk to yourself and give yourself props, give yourself a pep talk.

Find the humour

 
Yes, it may break away from the gangster image you’ve created for yourself, but laughter really is the best medicine out there. Depending on the situation you are in, try and find the little situations where some little humour can be gleaned from. This is especially useful in the difficult situations.
Laughter eases tensions, and reduces levels of anxiety, depression and stress. It also helps improve coping mechanisms in difficult moments.

Hang around positive people

The saying that misery loves company is absolutely true. If you end up hanging around people who are as drab as grey skies, then that’s all your going to get. A good way to get yourself to think positive is to hang around people who are a proper ray of sunshine. Yes, they may be having their own issues, but that doesn’t stop them from shining their light to the whole world. The same way a sourpuss can ruin the mood in a room is the same way a ray of sunshine can make a whole room burst with joy. That’s how you start getting yourself to be a positive thinker. Aside from this, they can also help you achieve your goals. A sourpuss will be a wet blanket and smother you and your dreams, a sanguine will water your plans and help them grow.  

Identify your dark spots

 
No, not the ones that are adding some artistic interest to your skin, but those areas in your life where you can’t help but be negative. Identifying them is just the first step to dealing with them. If you have no idea where, or what these areas are, then you can employ the help of the people closest to you.
The help of your partner, or a work colleague can help you recognise which areas in your life are your dark spots. This could either be how you are at work and the various things that you have to go through in a day, or whether it’s at home where your inner cookie monster comes out to play.