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Inflation, supply chain issues, and higher costs have many of us wondering if we're heading towards a recession. While we can't predict the future, we can provide some lessons learned from the Great Recession, including how to protect your construction company from an economic downturn.

 Topics we cover in this episode include:

• What to do about equipment when a recession is possible
• Watch your overhead in a recession and understand your cost structure
• Get good systems in place before a recession
• Dig into your accounting during a recession
• Know when to cut back and avoid getting a bond claim during a recession
• Be flexible and able to make quick decisions with the information you have
• Implement Profit First to get a handle on your cash flow

LINKS
Visit the episode page at https://contractorsuccessforum.com/recession for more details and a transcript of the show.

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forum

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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
   
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com