10 Business Survival Tips Business Advice To Designers To Assist During An Economic Downturn

Updated: Jan 19



In this article, we encourage designers to maintain a positive mindset and prepare themselves for the impending economic downturn by employing simple precautions and engaging proactive strategies. Being realistic about the ramifications of the COVID-19 pandemic on our businesses is incredibly important. Arming ourselves with facts, and avoiding sensationalised opinion, is vital.


We have been overwhelmed by the care and compassion that is currently flowing through our community. From all accounts, we know that things are going to get worse before they get better. As the situation becomes more serious, people will forget to operate with this positive and caring mindset.


Fear is a natural reaction to the negativity flooding our lives from all sources. It drives us to make irrational decisions and blocks the sort of clear and lateral thought processes that will enable us to weather this economic storm.


We encourage everyone to choose love and compassion over fear and negativity.


Remember, together we are so much more powerful.



10 TIPS TO RIDE THE STORM


1. Perform a quick Business Health Check.

It’s important for business owners to understand where they sit financially, especially in times of economic strain. Once you are equipped with the facts, you can formulate an overview of the health of your business.

Take our free TDC online Business Health Check by logging into the TDC Member's Lounge. If you haven't joined already, it's free.