Managing Business Through Recession

Are you a business owner, manager or executive concerned about how your business will fare during an economic downturn? Are you worried about how to keep your business afloat when times get tough? Recessions are inevitable in the business cycle and companies must learn how to navigate them to survive and thrive. This course provides strategies you can use to manage your business through a recession. We examine the economic factors that contribute to recessions and show you how companies can prepare for and overcome them. We begin by explaining how to make business prosper by describing the success of Warren Buffett and discussing how he has built his fortune.

This business management identifies the critical objectives that business owners should strive to reach and explains how to handle economic downturns. We examine the concepts of a ‘mortgage meltdown’, the U.S. Truth in Lending Act (TILA) and the responsibilities of mortgage brokers and bankers. We also highlight the potential unethical acts of real estate agents and bankers. We then explore the U.S. Federal Reserve's roles in helping the economy and maintaining the safety and soundness of banking systems in the USA. At the core of effective business leadership lies the ability to make sound decisions, set achievable goals and provide clear direction in a workplace setting. We draw inspiration from the example set by renowned business tycoon Warren Buffet to describe the essential qualities that make for an exceptional business leader and explain why communication is a critical ingredient in business leadership.

The course demonstrates why investing in yourself as a business owner or start-up business aspirant is essential. We outline economic recession strategies, recession-proofing and the three ways to roar through a recession. Finally, we discuss loan basics, high-interest/payday loans, car title loans and more. This course is essential for those who want to learn how to manage cash flow, optimise operations and develop new products and services to keep their business relevant and competitive during challenging times. It is ideal for business owners, managers or executives who want to ensure their company survives and thrives during tough economic times. The course has no prerequisites and provides the business management skills you need to prepare for the next recession and turn economic challenges into opportunities for growth.