Recommendations on how businesses can prepare for a possible recession and sources of capital are among topics of this week’s free webinar presented by the Small Business Development Center at CSU Bakersfield.
Host and SBDC director, Kelly Bearden discusses how small businesses can prepare for an increasing risk of a recession. He also talks about various sources of business capital, a mileage rate increase by the IRS, remaining available government pandemic relief programs, and small business recovery opportunities.
01:04:16 What's Up Today?
09:01:00 Poll Question 1: How does today’s Fed interest rate hike affect your business?
11:03:05 Poll Question 2: What is your biggest economic fear?
13:04:05 Recent webinars on YouTube
13:52:04 Status/Action Key Relief
17:19:15 Kern County Small Business MicroGrant program
18:30:20 State Small Business Credit Initiative - SSBCI
27:10:10 Economic Corner
28:53:22 Interest Rates
31:48:20 Recession – characteristics of companies that weather downturns successfully
35:31:12 Recession – survival strategies
36:46:14 Recession – what is being said
43:44:18 Cash Flow Forecasting – Excel Spreadsheet
46:56:01 27 Strategies to Recession-Proof Your Business
49:53:17 Industries usually more recession resistant
53:46:14 Could recession be good for small business?
57:53:20 Questions from answers with attendees