propelguru1 (1)

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6 WAYS TO PROFIT FROM AN ECONOMIC DOWNTURN
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Economic downturns are said to the worst
affecting parts for an organization because they
imply a real fall in the GDP. As it is a period
of negative growth and recession, it is hard to
make your business profits. Interestingly, a
recession is also the best time to make profits.
As Jack Welch says, Never miss out on an
opportunity like a good recession.
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Cut Your Costs

• Minimize expenses during downturn
• Look into some previous projects
• Dont lack consistency and efficiency
• Use digital marketing strategies to help attract
  traffic and clientele

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Liquidity is Important

• Roll some money in the market during recession
• Make some great money in stocks
• Have liquid cash in-hand as it improves the
  chances of making profits

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Look into the Downside

• Dont let your investments go down after a
  certain point
• Keep tracking the downside
• Dont wait for the markets to turn green
• Be on the survival mode

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Reduce Your Deductions

• Save on Taxes lawfully and ethically
• Find out legal loopholes to reduce deductions
• Keep jotting down each penny that you spend on
  the business

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Restructure Your Plans

• Sell of some of the underperforming or
  non-performing assets
• Pay off the loans
• Look for policy discounts or limit your
  liabilities to minimum
• Create Liquidity in your account

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Stop the Risk

• Invest properly like on real estate or hire smart
  employees
• Invest in yourself
• Remember- The more you grow, the more you make
  money

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Are you confused about the best way to market
your business? We are here to help you with some
out-of-box ideas. Call us now at 1 (604)
256-0821 or email us at hello_at_propelguru.com.