Actions You Must Take To Prepare Your Business for a Recession

Steve Simonson is the Managing Director of Symo Global, a consulting firm composed of veteran high-level executives with a mission to support and aid companies to achieve their goals. Steve is also a lifelong entrepreneur who has built, purchased, sold, and founded several companies over three decades. Additionally, Steve’s companies have been recognized for three years straight by Inc. magazine and have been on its Inc. 500 list. Steve was also a finalist for the Ernst and Young Entrepreneur of the Year award. In this episode… Some may say a recession is approaching, and others believe we’re already living in one. While businessman Steve Simonson agrees with the latter, he does not believe these are doom and gloom days. Instead, Steve challenges fellow business owners to strategize in order to come out triumphant on the other side. So, how should entrepreneurs go about doing this?  A lifelong entrepreneur, Steve spends plenty of his time collaborating with intelligent people. He’s learned plenty through trial and error, and what he did not learn from experience, he achieved from brainstorming with some of the greatest minds in free enterprise. As a result, Steve knows how to navigate business in a booming or a shaky economy. In this episode of the eComm Breakthrough Podcast, Josh Hadley sits down with Steve Simonson, the Managing Director of Symo Global. Steve discusses the actions entrepreneurs must take to prepare their businesses for a recession, including implementing a product profitability analysis and liquidating non-earning inventory. Plus, Steve answers Josh’s rapid-fire questions. So entrepreneurs, grab a pen and paper because you do not want to miss what Steve has to say! Resources mentioned in this episode: Josh Hadley on LinkedIn eComm Breakthrough Consulting eComm Breakthrough Podcast Hadley Designs Hadley Designs on Amazon Steve Simonson on LinkedIn Symo Global Steve on Youtube, Twitter, Instagram, Facebook Awesomers.com Podcast “Steve Simonson - 7 China Mistakes and How to Avoid Them” Manny Coats on Linkedin Helium 10 Kevin King Product Savants Parsimony Empowery eCommerce Cooperative EmpoweryMastermind.com Travis Zigler on LinkedIn The E-myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E Gerber E-Myth Mastery: The Seven Essential Disciplines for Building a World-Class Company by Michael E Gerber The End of the World Is Just Beginning by Peter Zeihan Mark Vadon on LinkedIn Jay Steinfield on LinkedIn Lead From the Core: The 4 Principles for Profit and Prosperity by Jay Steinfield