Are you confident your digital agency can survive an economic downturn? If you are in business for the long haul, economic downturns are inevitable. You have to gear up...
Category - Recession Proof Digital Agency
Running a digital agency is difficult enough. Sometimes though factors outside our control make it even tougher. A prolonged economic downturn is a good example of this, if running our businesses is challenging during times of normal economic conditions, how will we survive during an economic downturn?
One simple fact is many digital agencies do not survive a downturn. The owners go back to freelancing, or worse, working for someone else. The staff try to work out “what next” and the clients go find a new agency to serve them.
Another simple fact though is the digital agencies that do survive times of economic downturn end up with leaner, more effective, more profitable businesses. The end up with businesses that take full advantage of the more positive economic conditions that always follow and invariably, the owners of these digital agencies end up with the businesses they always dreamed of.
So which type of digital agency do you want? The one that weathers the storm and blossoms when the sun shines? Or the short term fancy that will not survive the bump in the road that is definitely coming at some point?
In this playlist, we run through some points we see in the resilient and robust agencies, that we don’t see in the ones which disappear. We hope you enjoy it and find some great ideas to implement in your business.
