388: Recession Proof Your Business

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 24 June 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn practical steps you can take to weather the financial storm coming. Mark and Mat share fundamental strategies to keep your business afloat during these hard financial times. For more info get over to www.mainstreetbusiness.com Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law f...

Transcript

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0:00.0	Welcome everybody to this week's episode of the Main Street Business Podcast.
0:10.2	My name is Mark Kohler here with the amazing Matt Sorensen in post-COVID recession times.
0:17.0	Is that official?
0:18.7	Post-COVID, Who cares about COVID anymore?
0:21.7	We got a recession now to worry about.
0:25.1	New problems.
0:26.5	And is there a vaccine for that?
0:29.3	No, no.
0:30.8	Nope.
0:32.0	We've got some medicine for you today, though.
0:34.9	Yeah, yeah, that's right.
0:35.8	No vaccine, but definitely some precautionary
0:40.1	health care tips okay say that something um no no folks today is all about how to recession
0:50.8	proof your business last week was recession proofing your personal life now we want to talk proof your business. Last week was recession proofing your personal life.
0:56.5	Now, we want to talk about your business.
0:58.1	Now, during COVID, it's estimated there was 10 to 15 million more side hustles created in America.
1:05.8	Going into COVID, there was over 40 million side hustles, small business owners, filing Schedule Cs or 1120s or 1065s.
1:15.6	The, boy, small business administration, SBA does their survey every year and there's different reports that come out on these things.
1:24.6	But it's now estimated over 50 million side hustles in America,
1:28.6	and I'm sure that's many of you listening. If you weren't here on this podcast or YouTube
1:34.1	video and not owning a small business, you might be in the wrong spot because we love small
1:39.8	business. It's a huge part of your wealth. So today we're going to talk about how to,
	...

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