How to Build a Recession-Proof Business (Strategies & Tactics)

Description

In this episode of Mindset Profits, we dive deep into what it takes to build a resilient business in South Africa. Our panel shares hard-earned lessons on compliance, the power of mentorship, overcoming self-doubt, Social Media, and the importance of community support. Apply for the SAB Foundation's Tholoana Program ~ https://www.sabfoundation.co.za/tholoana-enterprise-programme Time Stamps ~ 00:00 – Introduction & SAB Foundation Sponsorship 01:23 – Meet the Panel: Entrepreneur Introductions 05:20 – The Importance of Compliance for Entrepreneurs 08:00 – Plugging the Holes: Systems, Processes, and Money Leaks 14:45 – Mentorship and the Power of Support Networks 17:00 – Diversifying Clients and Pivoting in Business 19:15 – Thriving in Male-Dominated Industries 22:00 – Working On vs. In Your Business: Building a Team 25:45 – The Role of Compliance in HR and Operations 27:30 – The Power of Social Media for Small Businesses 30:00 – From Organic Growth to Paid Advertising 32:00 – Overcoming Self-Doubt and Building Confidence 35:00 – Advice for Young and Aspiring Entrepreneurs 38:00 – The Value of Ecosystems, Mentorship, and Community 42:20 – Closing Remarks