How to Protect Business Profits in a Financial Downturn

Offered By: LinkedIn Learning

Tags

Financial Management Courses Risk Management Courses Business Strategy Courses Asset Management Courses

Course Description

Overview

Make your small business recession proof. Get practical strategies for cutting costs, analyzing your finances, negotiating with vendors, and more.

Syllabus

Introduction

The small business challenge

1. Strategic Overview

Recession for small businesses
Advantages and disadvantages of a recession for small businesses
The one fundamental truth

2. Cutting Costs without Cutting Labor

Analyzing your spending
Cutting costs
Prioritizing your spending
Renegotiating with vendors
Exiting contracts
Asset recovery and disposition

3. Making Tough Labor Decisions

Prioritizing labor decisions
Making the toughest decision

4. Planning Ahead

Limiting the downside
Preparing for the upside
Going forward

Taught by

Jason Schenker

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