Keeping Your Small Business Going In The 2023 Recession

by | Dec 30, 2022 | Business | 0 comments

There are so many doomsayers out there saying that the end is nigh. The forecast keeps being kicked down the road. What is the music stops in 2023? How can a small business survive the confluence of high interest, high inflation, customer downturns and all of our pre-existing pressures. Here are a few tips that may be helpful for small businesses looking to survive a potential recession in 2023:

  1. Be proactive: Instead of waiting for the recession to hit, take proactive steps to prepare your business. This may include reviewing your budget, identifying cost-cutting opportunities, and diversifying your revenue streams.
  2. Focus on customer service: Providing excellent customer service can help your business stand out during a recession and encourage customer loyalty. Consider offering promotions or discounts to customers, and be responsive and helpful when they have questions or concerns.
  3. Diversify your customer base: Don’t rely on a single customer or market segment to drive your business. Instead, try to diversify your customer base to reduce the impact of any downturn in a particular market or industry.
  4. Stay agile: Be prepared to adapt to changing market conditions and pivot your business model if necessary. This may involve introducing new products or services, expanding into new markets, or adopting new technologies.
  5. Build a strong team: Your employees are your most valuable asset. Foster a positive and supportive work environment, and encourage open communication and collaboration to help your team work effectively during a recession.
  6. Communicate with your stakeholders: Keep your employees, customers, suppliers, and other stakeholders informed about your business and any changes that may be happening. This can help to build trust and ensure that everyone is on the same page.
  7. Seek out resources and support: There are many resources and organizations that can provide support to small businesses during a recession. Consider reaching out to your local Chamber of Commerce, Small Business Administration, or other small business support organizations for guidance and assistance.

The WP Engine Tracker

A new website, WP Engine Tracker, shows the number of sites that have left hosting provider WP Engine since its dispute with WordPress co-creator Matt Mullenweg began in September. Automattic confirmed that it created this site but did not provide further information....

WordPress Drama – The Latest Update

If you don't know what WordPress is or the recent discussions about it, let's talk. WordPress is a widely used platform that allows people to easily create and manage websites, and lately, there have been some important debates about its future direction that are...

Retiring Web Designers: Secure Your Legacy and Earn Recurring Income with Web321

After years of crafting beautiful websites and building strong client relationships, you’re considering retirement. It’s a significant decision that brings both excitement for the future and concern for the clients you’ve supported over the years. What will happen to them once you step away? How can you ensure they’re in good hands without abandoning them?

ECommerce Transaction Alternatives For WordPress.

When choosing an alternative to WooCommerce, consider specific needs, such as the type of products you’re selling, payment requirements, and desired features. Each of these plugins offers unique strengths that may better suit your ecommerce goals.

Setting Up A Custom Color Scheme For Divi

I have attached the file that I used my case.One Divi feature is”Color Scheme.” It presets for green, orange, pink, red and its default blue color schemes that influence the colors of borders, buttons and other accents on a baseline Divi theme. What happens if none of...

Webflow Price Increases

Webflow's recent price increase of approximately 44% for its CMS plans has sparked significant reactions among its user base, particularly among freelancers, agencies, and developers. Here are some key points and side effects based on user feedback: User Reactions and...

NXDOMAIN and DNS_PROBE_FINISHED_NXDOMAIN

An NXDOMAIN error, which stands for “Non-Existent Domain,” occurs when a domain name cannot be resolved by DNS servers. This error is common in various contexts, including WordPress sites.

9 Trends & Flexes In 2024 Web Design

The landscape of web design continues to evolve, embracing new technologies and design philosophies that enhance user experience, accessibility, and visual appeal.

Give Marketers A Perk: A Marketing Job WITHOUT Website Management

With all of the talk of workplace overload and the heavy job requirements, taking something off of a marketer’s plate provides two big wins: it give the marketer more breathing room to accomplish the important things in their job; and it offers the business owner some continuity on the public face of their brand– their website. Here’s our exhaustive list of ways a WordPress maintenance plan can help a marketer do their job better.

The Juggling Act of Priorities for a WordPress Developer

Being a WordPress developer is akin to performing a delicate juggling act. With numerous tasks requiring attention, from translating visual designs into functional websites to ensuring optimal performance and security, managing priorities becomes crucial. We put a lot of effort putting together an in-depth look at how a WordPress developer can effectively balance these responsibilities.

SEO In the World of Artificial Intelligence

Getting An Audience via Search Engine Optimized Content There's a new sheriff in town. Its name is "Search Generative Experience." For a while now, Google has been moving from being the world's biggest index of web pages do being the destination unto itself. Its...

Stripe vs Square vs Paypal

Here’s a quick rundown of these three major ecommerce providers and how they compare to each other. In my 25+ years of ecommerce rollouts, I have dealt with Stripe, Square and Paypal implementations as well as deployments with other providers like Authorize.net, Beanstream (WorldPay), Moneris and others. I really think the three in this article can satisfy most use cases.