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Business Gone Wild: Wild Women Entrepreneurs
Tuesday, March 25, 2008
Want to Ready Yourself for a Recession?

By Ja-Naé Duane


A study done by McGraw-Hill showed businesses who had maintained or increased their marketing through the recession in the 1980's saw an average sales growth of 275% the next five years after the economic downturn. Would you like to be one of those businesses? If so, consider these tips:

Get Your Finances in Order

There are many people who do not know how much money they have in the bank or even how to balance a checkbook. No matter what your current financial situation, do a financial analysis. Figure out where the money comes from (your total income) and where the money is being spent. Create a business and personal budget that you check on a daily basis.

If you have never created a budget for yourself or your business, then a resource like the Financial Freedom Club is your best option. Otherwise, you can find tips and advice of the Wild WE Social Community!

Spend Money on Things that will Make You Money

The wealthy know that it takes money to make more money. However, you do not need to be a millionaire to begin this mindset. Instead of blowing $30 on coffee a week, put that money turns learning how to capitalize and grow it. Whether you take a financial class or just put the money into savings, you are taking a step towards doubling that investment.


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