Tariffs on Canada & Mexico Take Effect Today – Higher Costs Incoming
As of today, March 4, 2025, the U.S. tariffs on imports from Canada and Mexico are officially in effect. Initially delayed by one month, these tariffs are now active:
✅ 25% tariff on most Canadian and Mexican imports ✅ 10% tariff on Canadian energy resources
These come in addition to the 10% tariff on all Chinese imports, which has been in place since February 4, 2025. While some reports have speculated about an increase to 20% on Chinese goods, no official confirmation has been issued.
With these tariffs now active, some Rio Grande Valley logistics companies are already preparing to increase transportation costs by 25%, with much of that being passed on to consumers. Businesses and shoppers alike may soon feel the impact as supply chains adjust.
🌟 Valley Vibes with Joshua Moroles: Featuring Janet Jennings of Rep Shop.
On the latest episode of Valley Vibes, Joshua Moroles chats with Janet Jennings, owner of Rep Shop, a women’s boutique in Edinburg, TX. They dive into the power of AI in business, the importance of authenticity, and balancing work with personal life. Janet shares her journey, the ups and downs of entrepreneurship, and her unique business model that supports other local women-owned brands.
💡 Key Insights: ✅ AI in Business: Joshua uses AI to streamline operations, proving that you don’t always need a big team to succeed. ✅ Authenticity Matters: Janet stresses being genuine in business. Authenticity attracts the right customers! ✅ Balancing Act: Both discuss the need to set boundaries and unplug from work to prevent burnout. ✅ Empathy & Mentorship: A lack of mentors today has led Joshua to create virtual ones with AI, while Janet emphasizes accountability.
✨ Visit Rep Shop: Stop by 316 E University Dr., Edinburg, TX, for a boutique experience that’s all about what you represent. Support local and shop unique!
Catch this insightful conversation on Valley Vibes!
🎬🌟 We are thrilled to announce that our DocuDrama "Conquista" has achieved the Official Selection Status at the esteemed South Texas International Film Festival! 🏆✨ It is an absolute honor to represent the Rio Grande Valley with our work and to showcase the incredible talent from our region.
Our Studio Studio 4240 is based in the Rio Grande Valley, it is our mission to not only tell engaging and entertaining stories but also to uplift and highlight the immense talent that resides here. We are proud to bring along our exceptionally talented Music Artists, Gregorio Garza Jr., Kido El Unico, and Iron Slumz, who have added their unique artistry and passion to the project. 🎵🎭
For us, it's about more than just making a film; it's about creating a collaborative environment that celebrates the diversity and richness of our local talent. We believe that by fostering a supportive community of artists, we can elevate our collective voices and create a lasting impact. 🌍❤️
We extend our deepest gratitude to the South Texas International Film Festival for recognizing "Conquista" and providing us with this incredible platform to showcase our work. The festival's commitment to showcasing diverse voices and stories resonates deeply with our own vision. We are honored to be a part of this celebration of cinematic excellence. 🙌💫
To our talented Music Artists, Gregorio Garza Jr., Kido El Unico, and Iron Slumz, thank you for your exceptional contributions to "Conquista." Your artistry and passion have enriched our project and brought it to life in ways we couldn't have imagined. Together, we are creating a powerful and immersive experience for our audiences. 🎶🎥
As someone who has worked with business owners throughout various economic cycles, I bring a unique perspective to the table. Having seen the ups and downs of both good and bad economies, as well as the devastating impact of the pandemic on businesses that never fully recovered, I understand the importance of preparation and planning when a recession is on the horizon. By drawing on my experience and expertise, I hope to provide valuable insights that can help businesses in the Rio Grande Valley and beyond navigate these challenging times and come out stronger on the other side.
As the global economy continues to ebb and flow, businesses must remain vigilant in their preparation for a potential recession. The prospect of a market downturn can be daunting, but by implementing effective strategies, businesses can weather the storm and emerge from a recession even stronger than before. In this article, we'll explore some of the tactics that businesses commonly use to prepare for a recession and navigate the challenging economic landscape that lies ahead. Whether you're a small business owner or a seasoned corporate executive, understanding these strategies can help ensure that your business is well-equipped to face the challenges of an uncertain economic future.
It's common for discretionary spending industries, such as leisure, entertainment, and luxury goods, to be the first to feel the effects of a recession. When consumers are worried about their financial stability, they tend to cut back on non-essential purchases and prioritize necessities. Restaurants and shopping can also fall into the category of discretionary spending, as they are not necessarily considered essential goods or services.
These are the strategies business will use when the threat of a recession is on the horizon. Some common tactics include:
Cutting Costs: Businesses may look for ways to reduce expenses and save money, such as renegotiating contracts with suppliers because prices have only gone up, reducing employee hours or salaries, or cutting back on non-essential services or projects. At some point, you might be operating with a skeleton crew. Diversifying Revenue Streams: Businesses may explore new revenue streams or product lines to help offset potential losses in their core business such as Home Deliveries for Products and Services. Retailers that focus on necessities or provide value-driven pricing may perform better. Building Cash Reserves: This is a Key Strategy. Businesses may prioritize building up cash reserves to help them weather an economic downturn, including setting aside funds for emergencies or unexpected expenses. Consider delaying the purchase of new equipment. The company may decide to prioritize paying off debt, reducing overhead costs, and selling off underperforming assets in order to build up a cash reserve. This can provide a cushion in case of a recession, allowing the company to continue operating without having to lay off employees or cut back on operations. Strengthening Customer Relationships: Businesses may focus on building strong relationships with their customers to ensure loyalty and continued business during tough times. To mitigate the impact of these factors, businesses may focus on building strong relationships with their customers to ensure their loyalty and continued business during tough times.
One example of strengthening customer relationships is through personalized marketing strategies. By understanding the needs and preferences of their customers, businesses can create targeted marketing campaigns that appeal to their interests and purchasing behaviors. This can include customized email campaigns, personalized product recommendations, and special promotions for loyal customers.
Another example is improving customer service. Providing excellent customer service can help businesses retain customers and build a positive reputation, even during a recession. This can include responding quickly to customer inquiries or complaints, offering flexible return policies, and going above and beyond to ensure customer satisfaction.
Additionally, businesses may focus on creating a strong online presence to connect with their customers. This can include building an engaging website, utilizing social media platforms to share promotions and interact with customers, and offering online shopping options for those who prefer to shop from home.
5. Investing in Marketing and Branding: Businesses may invest in marketing and branding efforts to differentiate themselves from competitors and maintain their market share. When a recession comes, Marketing and Advertising are the first to go but it is during that time reaching your customers will be the most cost-effective because Digital Advertising is based off of Auctions and if no one is spending, Advertising becomes inexpensive.
6. Streamlining Operations: Businesses may look for ways to streamline their operations and increase efficiency, such as implementing new technologies or automation tools.
Streamlining operations is a common tactic that businesses use to prepare for a recession. By identifying inefficiencies and finding ways to increase productivity, businesses can save money and become more agile in the face of economic uncertainty. One example of streamlining operations is the implementation of automation tools, such as robotic process automation (RPA), to handle repetitive tasks and free up employees to focus on more valuable work.
Another example is the adoption of cloud-based technology, which can provide businesses with greater flexibility and scalability. Cloud technology can help businesses to reduce infrastructure costs and scale up or down as needed, which is particularly useful during a recession when cash flow is tight.
Businesses may look to optimize their supply chains to reduce costs and increase efficiency. This may involve working with suppliers to negotiate better terms, implementing just-in-time inventory management, or finding alternative suppliers who offer lower prices or faster delivery times. By streamlining operations, businesses can position themselves to be more resilient and competitive, even in challenging economic conditions.
7. Staying Informed: Businesses may closely monitor economic indicators and stay informed about market trends to help them anticipate changes and adjust their strategy accordingly. As a concerned business owner, this should just be on your radar.
Businesses that are proactive in their preparation for a potential recession are more likely to weather the storm and come out on the other side stronger and more resilient.
As someone who has worked with business owners throughout various economic cycles, I bring a unique perspective to the table. Having seen the ups and downs of both good and bad economies, as well as the devastating impact of the pandemic on businesses that never fully recovered, I understand the importance of preparation and planning when a recession is on the horizon. By drawing on my experience and expertise, I hope to provide valuable insights that can help businesses in the Rio Grande Valley and beyond navigate these challenging times and come out stronger on the other side.
As the global economy continues to ebb and flow, businesses must remain vigilant in their preparation for a potential recession. The prospect of a market downturn can be daunting, but by implementing effective strategies, businesses can weather the storm and emerge from a recession even stronger than before. In this article, we'll explore some of the tactics that businesses commonly use to prepare for a recession and navigate the challenging economic landscape that lies ahead. Whether you're a small business owner or a seasoned corporate executive, understanding these strategies can help ensure that your business is well-equipped to face the challenges of an uncertain economic future.
It's common for discretionary spending industries, such as leisure, entertainment, and luxury goods, to be the first to feel the effects of a recession. When consumers are worried about their financial stability, they tend to cut back on non-essential purchases and prioritize necessities. Restaurants and shopping can also fall into the category of discretionary spending, as they are not necessarily considered essential goods or services.
These are the strategies business will use when the threat of a recession is on the horizon. Some common tactics include:
Cutting Costs: Businesses may look for ways to reduce expenses and save money, such as renegotiating contracts with suppliers because prices have only gone up, reducing employee hours or salaries, or cutting back on non-essential services or projects. At some point, you might be operating with a skeleton crew. Diversifying Revenue Streams: Businesses may explore new revenue streams or product lines to help offset potential losses in their core business such as Home Deliveries for Products and Services. Retailers that focus on necessities or provide value-driven pricing may perform better. Building Cash Reserves: This is a Key Strategy. Businesses may prioritize building up cash reserves to help them weather an economic downturn, including setting aside funds for emergencies or unexpected expenses. Consider delaying the purchase of new equipment. The company may decide to prioritize paying off debt, reducing overhead costs, and selling off underperforming assets in order to build up a cash reserve. This can provide a cushion in case of a recession, allowing the company to continue operating without having to lay off employees or cut back on operations. Strengthening Customer Relationships: Businesses may focus on building strong relationships with their customers to ensure loyalty and continued business during tough times. To mitigate the impact of these factors, businesses may focus on building strong relationships with their customers to ensure their loyalty and continued business during tough times.
One example of strengthening customer relationships is through personalized marketing strategies. By understanding the needs and preferences of their customers, businesses can create targeted marketing campaigns that appeal to their interests and purchasing behaviors. This can include customized email campaigns, personalized product recommendations, and special promotions for loyal customers.
Another example is improving customer service. Providing excellent customer service can help businesses retain customers and build a positive reputation, even during a recession. This can include responding quickly to customer inquiries or complaints, offering flexible return policies, and going above and beyond to ensure customer satisfaction.
Additionally, businesses may focus on creating a strong online presence to connect with their customers. This can include building an engaging website, utilizing social media platforms to share promotions and interact with customers, and offering online shopping options for those who prefer to shop from home.
5. Investing in Marketing and Branding: Businesses may invest in marketing and branding efforts to differentiate themselves from competitors and maintain their market share. When a recession comes, Marketing and Advertising are the first to go but it is during that time reaching your customers will be the most cost-effective because Digital Advertising is based off of Auctions and if no one is spending, Advertising becomes inexpensive.
6. Streamlining Operations: Businesses may look for ways to streamline their operations and increase efficiency, such as implementing new technologies or automation tools.
Streamlining operations is a common tactic that businesses use to prepare for a recession. By identifying inefficiencies and finding ways to increase productivity, businesses can save money and become more agile in the face of economic uncertainty. One example of streamlining operations is the implementation of automation tools, such as robotic process automation (RPA), to handle repetitive tasks and free up employees to focus on more valuable work.
Another example is the adoption of cloud-based technology, which can provide businesses with greater flexibility and scalability. Cloud technology can help businesses to reduce infrastructure costs and scale up or down as needed, which is particularly useful during a recession when cash flow is tight.
Businesses may look to optimize their supply chains to reduce costs and increase efficiency. This may involve working with suppliers to negotiate better terms, implementing just-in-time inventory management, or finding alternative suppliers who offer lower prices or faster delivery times. By streamlining operations, businesses can position themselves to be more resilient and competitive, even in challenging economic conditions.
7. Staying Informed: Businesses may closely monitor economic indicators and stay informed about market trends to help them anticipate changes and adjust their strategy accordingly. As a concerned business owner, this should just be on your radar.
Businesses that are proactive in their preparation for a potential recession are more likely to weather the storm and come out on the other side stronger and more resilient.
Learn from people who are already performing at an elite level the things you want to improve on.
Artificial Intelligence is here and it’ll vastly change the way the world works. Don’t bury your head in the sand when it comes to AI because it’s only a matter of time until your competitors use it and further separate themselves for you.
Tom Bilyeu is the co-founder of billion-dollar brand Quest Nutrition and the co-founder and host of Impact Theory.
Joshua Moroles
Joshua Moroles
Chilling in HTown!
9 months ago | [YT] | 1
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Joshua Moroles
Tariffs on Canada & Mexico Take Effect Today – Higher Costs Incoming
As of today, March 4, 2025, the U.S. tariffs on imports from Canada and Mexico are officially in effect. Initially delayed by one month, these tariffs are now active:
✅ 25% tariff on most Canadian and Mexican imports
✅ 10% tariff on Canadian energy resources
These come in addition to the 10% tariff on all Chinese imports, which has been in place since February 4, 2025. While some reports have speculated about an increase to 20% on Chinese goods, no official confirmation has been issued.
With these tariffs now active, some Rio Grande Valley logistics companies are already preparing to increase transportation costs by 25%, with much of that being passed on to consumers. Businesses and shoppers alike may soon feel the impact as supply chains adjust.
How do you think these tariffs will impact prices and trade in the RGV? Drop your thoughts below! ⬇️ #Tariffs #TradePolicy #RGVEconomy #SupplyChain
10 months ago | [YT] | 0
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Joshua Moroles
🌟 Valley Vibes with Joshua Moroles: Featuring Janet Jennings of Rep Shop.
On the latest episode of Valley Vibes, Joshua Moroles chats with Janet Jennings, owner of Rep Shop, a women’s boutique in Edinburg, TX. They dive into the power of AI in business, the importance of authenticity, and balancing work with personal life. Janet shares her journey, the ups and downs of entrepreneurship, and her unique business model that supports other local women-owned brands.
💡 Key Insights:
✅ AI in Business: Joshua uses AI to streamline operations, proving that you don’t always need a big team to succeed.
✅ Authenticity Matters: Janet stresses being genuine in business. Authenticity attracts the right customers!
✅ Balancing Act: Both discuss the need to set boundaries and unplug from work to prevent burnout.
✅ Empathy & Mentorship: A lack of mentors today has led Joshua to create virtual ones with AI, while Janet emphasizes accountability.
✨ Visit Rep Shop: Stop by 316 E University Dr., Edinburg, TX, for a boutique experience that’s all about what you represent. Support local and shop unique!
Catch this insightful conversation on Valley Vibes!
youtube.com/live/Lry1YL5a5ZU
#ValleyVibes #RepShop #Entrepreneurship #SupportLocal #BusinessTips
1 year ago | [YT] | 0
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Joshua Moroles
Interesting
1 year ago | [YT] | 0
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Joshua Moroles
What’s your game plan for the last 3 quarters of the year?
1 year ago | [YT] | 0
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Joshua Moroles
🎬🌟 We are thrilled to announce that our DocuDrama "Conquista" has achieved the Official Selection Status at the esteemed South Texas International Film Festival! 🏆✨ It is an absolute honor to represent the Rio Grande Valley with our work and to showcase the incredible talent from our region.
Our Studio Studio 4240 is based in the Rio Grande Valley, it is our mission to not only tell engaging and entertaining stories but also to uplift and highlight the immense talent that resides here. We are proud to bring along our exceptionally talented Music Artists, Gregorio Garza Jr., Kido El Unico, and Iron Slumz, who have added their unique artistry and passion to the project. 🎵🎭
For us, it's about more than just making a film; it's about creating a collaborative environment that celebrates the diversity and richness of our local talent. We believe that by fostering a supportive community of artists, we can elevate our collective voices and create a lasting impact. 🌍❤️
We extend our deepest gratitude to the South Texas International Film Festival for recognizing "Conquista" and providing us with this incredible platform to showcase our work. The festival's commitment to showcasing diverse voices and stories resonates deeply with our own vision. We are honored to be a part of this celebration of cinematic excellence. 🙌💫
To our talented Music Artists, Gregorio Garza Jr., Kido El Unico, and Iron Slumz, thank you for your exceptional contributions to "Conquista." Your artistry and passion have enriched our project and brought it to life in ways we couldn't have imagined. Together, we are creating a powerful and immersive experience for our audiences. 🎶🎥
2 years ago | [YT] | 2
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Joshua Moroles
Our DocuDrama “Conquista” has won Best Short Film at the New Jersey Film Awards!!
2 years ago | [YT] | 2
View 3 replies
Joshua Moroles
As someone who has worked with business owners throughout various economic cycles, I bring a unique perspective to the table. Having seen the ups and downs of both good and bad economies, as well as the devastating impact of the pandemic on businesses that never fully recovered, I understand the importance of preparation and planning when a recession is on the horizon. By drawing on my experience and expertise, I hope to provide valuable insights that can help businesses in the Rio Grande Valley and beyond navigate these challenging times and come out stronger on the other side.
As the global economy continues to ebb and flow, businesses must remain vigilant in their preparation for a potential recession. The prospect of a market downturn can be daunting, but by implementing effective strategies, businesses can weather the storm and emerge from a recession even stronger than before. In this article, we'll explore some of the tactics that businesses commonly use to prepare for a recession and navigate the challenging economic landscape that lies ahead. Whether you're a small business owner or a seasoned corporate executive, understanding these strategies can help ensure that your business is well-equipped to face the challenges of an uncertain economic future.
It's common for discretionary spending industries, such as leisure, entertainment, and luxury goods, to be the first to feel the effects of a recession. When consumers are worried about their financial stability, they tend to cut back on non-essential purchases and prioritize necessities. Restaurants and shopping can also fall into the category of discretionary spending, as they are not necessarily considered essential goods or services.
These are the strategies business will use when the threat of a recession is on the horizon. Some common tactics include:
Cutting Costs: Businesses may look for ways to reduce expenses and save money, such as renegotiating contracts with suppliers because prices have only gone up, reducing employee hours or salaries, or cutting back on non-essential services or projects. At some point, you might be operating with a skeleton crew.
Diversifying Revenue Streams: Businesses may explore new revenue streams or product lines to help offset potential losses in their core business such as Home Deliveries for Products and Services. Retailers that focus on necessities or provide value-driven pricing may perform better.
Building Cash Reserves: This is a Key Strategy. Businesses may prioritize building up cash reserves to help them weather an economic downturn, including setting aside funds for emergencies or unexpected expenses. Consider delaying the purchase of new equipment. The company may decide to prioritize paying off debt, reducing overhead costs, and selling off underperforming assets in order to build up a cash reserve. This can provide a cushion in case of a recession, allowing the company to continue operating without having to lay off employees or cut back on operations.
Strengthening Customer Relationships: Businesses may focus on building strong relationships with their customers to ensure loyalty and continued business during tough times.
To mitigate the impact of these factors, businesses may focus on building strong relationships with their customers to ensure their loyalty and continued business during tough times.
One example of strengthening customer relationships is through personalized marketing strategies. By understanding the needs and preferences of their customers, businesses can create targeted marketing campaigns that appeal to their interests and purchasing behaviors. This can include customized email campaigns, personalized product recommendations, and special promotions for loyal customers.
Another example is improving customer service. Providing excellent customer service can help businesses retain customers and build a positive reputation, even during a recession. This can include responding quickly to customer inquiries or complaints, offering flexible return policies, and going above and beyond to ensure customer satisfaction.
Additionally, businesses may focus on creating a strong online presence to connect with their customers. This can include building an engaging website, utilizing social media platforms to share promotions and interact with customers, and offering online shopping options for those who prefer to shop from home.
5. Investing in Marketing and Branding: Businesses may invest in marketing and branding efforts to differentiate themselves from competitors and maintain their market share. When a recession comes, Marketing and Advertising are the first to go but it is during that time reaching your customers will be the most cost-effective because Digital Advertising is based off of Auctions and if no one is spending, Advertising becomes inexpensive.
6. Streamlining Operations: Businesses may look for ways to streamline their operations and increase efficiency, such as implementing new technologies or automation tools.
Streamlining operations is a common tactic that businesses use to prepare for a recession. By identifying inefficiencies and finding ways to increase productivity, businesses can save money and become more agile in the face of economic uncertainty. One example of streamlining operations is the implementation of automation tools, such as robotic process automation (RPA), to handle repetitive tasks and free up employees to focus on more valuable work.
Another example is the adoption of cloud-based technology, which can provide businesses with greater flexibility and scalability. Cloud technology can help businesses to reduce infrastructure costs and scale up or down as needed, which is particularly useful during a recession when cash flow is tight.
Businesses may look to optimize their supply chains to reduce costs and increase efficiency. This may involve working with suppliers to negotiate better terms, implementing just-in-time inventory management, or finding alternative suppliers who offer lower prices or faster delivery times. By streamlining operations, businesses can position themselves to be more resilient and competitive, even in challenging economic conditions.
7. Staying Informed: Businesses may closely monitor economic indicators and stay informed about market trends to help them anticipate changes and adjust their strategy accordingly. As a concerned business owner, this should just be on your radar.
Businesses that are proactive in their preparation for a potential recession are more likely to weather the storm and come out on the other side stronger and more resilient.
2 years ago | [YT] | 2
View 0 replies
Joshua Moroles
As someone who has worked with business owners throughout various economic cycles, I bring a unique perspective to the table. Having seen the ups and downs of both good and bad economies, as well as the devastating impact of the pandemic on businesses that never fully recovered, I understand the importance of preparation and planning when a recession is on the horizon. By drawing on my experience and expertise, I hope to provide valuable insights that can help businesses in the Rio Grande Valley and beyond navigate these challenging times and come out stronger on the other side.
As the global economy continues to ebb and flow, businesses must remain vigilant in their preparation for a potential recession. The prospect of a market downturn can be daunting, but by implementing effective strategies, businesses can weather the storm and emerge from a recession even stronger than before. In this article, we'll explore some of the tactics that businesses commonly use to prepare for a recession and navigate the challenging economic landscape that lies ahead. Whether you're a small business owner or a seasoned corporate executive, understanding these strategies can help ensure that your business is well-equipped to face the challenges of an uncertain economic future.
It's common for discretionary spending industries, such as leisure, entertainment, and luxury goods, to be the first to feel the effects of a recession. When consumers are worried about their financial stability, they tend to cut back on non-essential purchases and prioritize necessities. Restaurants and shopping can also fall into the category of discretionary spending, as they are not necessarily considered essential goods or services.
These are the strategies business will use when the threat of a recession is on the horizon. Some common tactics include:
Cutting Costs: Businesses may look for ways to reduce expenses and save money, such as renegotiating contracts with suppliers because prices have only gone up, reducing employee hours or salaries, or cutting back on non-essential services or projects. At some point, you might be operating with a skeleton crew.
Diversifying Revenue Streams: Businesses may explore new revenue streams or product lines to help offset potential losses in their core business such as Home Deliveries for Products and Services. Retailers that focus on necessities or provide value-driven pricing may perform better.
Building Cash Reserves: This is a Key Strategy. Businesses may prioritize building up cash reserves to help them weather an economic downturn, including setting aside funds for emergencies or unexpected expenses. Consider delaying the purchase of new equipment. The company may decide to prioritize paying off debt, reducing overhead costs, and selling off underperforming assets in order to build up a cash reserve. This can provide a cushion in case of a recession, allowing the company to continue operating without having to lay off employees or cut back on operations.
Strengthening Customer Relationships: Businesses may focus on building strong relationships with their customers to ensure loyalty and continued business during tough times.
To mitigate the impact of these factors, businesses may focus on building strong relationships with their customers to ensure their loyalty and continued business during tough times.
One example of strengthening customer relationships is through personalized marketing strategies. By understanding the needs and preferences of their customers, businesses can create targeted marketing campaigns that appeal to their interests and purchasing behaviors. This can include customized email campaigns, personalized product recommendations, and special promotions for loyal customers.
Another example is improving customer service. Providing excellent customer service can help businesses retain customers and build a positive reputation, even during a recession. This can include responding quickly to customer inquiries or complaints, offering flexible return policies, and going above and beyond to ensure customer satisfaction.
Additionally, businesses may focus on creating a strong online presence to connect with their customers. This can include building an engaging website, utilizing social media platforms to share promotions and interact with customers, and offering online shopping options for those who prefer to shop from home.
5. Investing in Marketing and Branding: Businesses may invest in marketing and branding efforts to differentiate themselves from competitors and maintain their market share. When a recession comes, Marketing and Advertising are the first to go but it is during that time reaching your customers will be the most cost-effective because Digital Advertising is based off of Auctions and if no one is spending, Advertising becomes inexpensive.
6. Streamlining Operations: Businesses may look for ways to streamline their operations and increase efficiency, such as implementing new technologies or automation tools.
Streamlining operations is a common tactic that businesses use to prepare for a recession. By identifying inefficiencies and finding ways to increase productivity, businesses can save money and become more agile in the face of economic uncertainty. One example of streamlining operations is the implementation of automation tools, such as robotic process automation (RPA), to handle repetitive tasks and free up employees to focus on more valuable work.
Another example is the adoption of cloud-based technology, which can provide businesses with greater flexibility and scalability. Cloud technology can help businesses to reduce infrastructure costs and scale up or down as needed, which is particularly useful during a recession when cash flow is tight.
Businesses may look to optimize their supply chains to reduce costs and increase efficiency. This may involve working with suppliers to negotiate better terms, implementing just-in-time inventory management, or finding alternative suppliers who offer lower prices or faster delivery times. By streamlining operations, businesses can position themselves to be more resilient and competitive, even in challenging economic conditions.
7. Staying Informed: Businesses may closely monitor economic indicators and stay informed about market trends to help them anticipate changes and adjust their strategy accordingly. As a concerned business owner, this should just be on your radar.
Businesses that are proactive in their preparation for a potential recession are more likely to weather the storm and come out on the other side stronger and more resilient.
2 years ago | [YT] | 0
View 0 replies
Joshua Moroles
Learn from people who are already performing at an elite level the things you want to improve on.
Artificial Intelligence is here and it’ll vastly change the way the world works. Don’t bury your head in the sand when it comes to AI because it’s only a matter of time until your competitors use it and further separate themselves for you.
Tom Bilyeu is the co-founder of billion-dollar brand Quest Nutrition and the co-founder and host of Impact Theory.
2 years ago | [YT] | 1
View 0 replies
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