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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.

TIMESTAMPS

00:00 Intro

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

19:45:08 Crowdfunding

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

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Funded in part through a Cooperative Agreement with the U.S. Small Business Administration and a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA or the Governor’s Office of Business and Economic Development. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the California SBDC closest to you.