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  <title>TBL Episode 70: Preparing your online business for a recession</title>
  <description>If you’ve been paying even just a little bit of attention to the news headlines over the last couple weeks, you’ll know that the US economy is not looking good. Between Coronavirus and a huge downturn in the US stock market, Americans are feeling a bit on edge about the immediate future. Economists are in agreement that a recession is on the way (I think it’s here already). What does that mean for your online business? It means you need to adapt and have a plan. That’s why in this episode, we discuss:   What we can learn from these uncertain times as entrepreneurs   Which types of businesses will be most impacted by the economic downturn   The increasing importance of a business’ savings   How to create an emergency fund for your online business   Why there is still potential for growth as a business owner in a down market   Why understanding your numbers can help you plan for future cash flow challenges    </description>
  <author_name>The Profit Pillars Show by Evolved Finance</author_name>
  <author_url>https://evolvedfinance.com</author_url>
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