How to recession-proof your business

Recessions have a massive impact on the economy with many small businesses often going out of business, as they’re unable to remain competitive as a result of shrinking margins and increasing operating costs.

In this episode of The Money Podcast, wealth creators and entrepreneurs Justin Harrison and Dawie Bester talk about what it takes to remain competitive during a recession and what every business needs to do to ensure they are able to keep the doors open during these tough economic times.

This episode also covers some interesting aspects in terms of taking advantage of the recession cycle and encourages business owners to think about recessions as an opportunity rather than an obstacle.

If you’re a business owner then this episode of The Money Podcast will provide you with loads of value and insight from two entrepreneurs who have years of experience. Click below to listen.

Meanwhile, recessions and job cuts go hand in hand because during recessions companies have less money and the result is inevitably job cuts.

So the question is how can you recession-proof your career, and ensure that you become indispensable in your job?

In the last episode of The Money Podcast, Justin Harrison and Dawie Bester tackled this subject from the unique perspective of having been employers for more than 20 years and shed some much needed light on what it takes to not only keep your job during a recession but potentially even advance your career during these tough economic times.

This episode is full of great advice for anyone who is serious about advancing their career, be it as an employee or even as someone who is a contractor or self-employed. Click below to listen.

Recently in The Money Podcast on JacPod, Justin Harrison and Dawie Bester tackled electricity prices and discuss which appliances use the most electricity in our homes. Some of these may come as a very big surprise to the average person.

This episode provides actionable tips and advice on how you can reduce your electricity bill simply by changing your consumption habits and being aware of how you use electricity.

If you’re frustrated with your rising electricity bill, then this episode is bound to help you and provide a some clarity when it comes to understanding power consumption.  Listen below - it's a 15-minute listen.

Related podcast: LISTEN: Should you side hustle?

More about Justin and Dawie:

Justin Harrison and Dawie Bester are two self-made entrepreneurs on a mission to help South Africans become better at money. They're involved in multiple business ventures and share a common passion for financial education, self-improvement and simplicity, and these are the driving force behind all their ventures.

Justin Harrison is the author of eight personal finance books; he’s a serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought leaders in the financial technology space. He is a passionate South African, father of three and avid sportsman who believes deeply that South Africa is one of the best countries in the world.

Dawie Bester is also a personal finance author, personal finance coach, entrepreneur and investor, and has been on the forefront of the digital finance revolution for the last decade. He's a father of two, an avid sportsman, and believes that South Africans can prosper with the correct motivation and direction.

Catch them weekly in The Money Podcast with practical, down-to-earth advice which you can take and action immediately. New episodes are released every Wednesday. Subscribe via this page. If you would like to reach Justin and Dawie directly, please visit the links below:

YouTube
Website

We have dozens of episodes of this very popular personal finance podcast. If you're a new listener, find all The Money Podcast past episodes in the full channel below.