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Taking on Recession as an Entrepreneur
Entrepreneur Life, Podcast

Ep 9 Serendipitous Rebel Podcast – The “R” Word: Recession

In this Bonus Episode of the Serendipitous Rebel Podcast, we are taking on the dreaded “R” Word: Recession.

Should you be worried about a recession? How can you insulate your business?

We tackle these questions head-on in this special episode. What can an entrepreneur do to prepare themselves for a recession?

We believe that these are tips and tactics that entrepreneurs can use at any time, not just now. It’s about being laser-focused and intentional about your business and your mission and not letting the external noise of economics steer your ship.

Should you be worried about a pending recession?

The short answer is that it’s important to be a savvy business owner, no matter what the economic times are. At the end of the day you need a few things: a solid offer, a solid runway, and a solid message. If you can combine these three things, then we believe you can weather any economic storm.

So what can an entrepreneur do during these times?

Stay up to date on industry education and certifications

The world of online business is forever changing at a breakneck pace. Investing in coaching or certification programs that help you level up and stay up to date on changes really is key.

But we encourage entrepreneurs to not just invest anywhere. Courses that are vague and leave you with more questions than answered should be avoided. Certifications or courses that leave you with solid “ahas” or an extra boost of credibility upon completion are always good investments. Likewise, coaching that helps to push you beyond your comfort zone and gives you clarity can often be a better investment than a course that you will probably never complete anyway.

Take a good hard look at your expenses.

Again – this is a smart thing to do no matter what the economic climate is doing. Take a look at recurring expenses and subscriptions and really ask yourself – is this moving the needle? Was this a tactic that I just thought I needed? Am I actually using this tool?

Finally, ask if now is  good time to pivot.

Now may be exactly the time to make a pivot in your business. It’s a perfect opportunity to take stock on your purpose and values and ask yourself if you find yourself in alignment with what you are doing. If the answer is “No” now may be the time to lean into some certifications or programs that allow you to make some shifts in your business.

No matter where you find yourself, remember this – economic climates are only seasons. If you are a smart business owner you are learning to navigate the storm rather than ignore or steer away from it.

Connect with Wendy and Krystal on LinkedIn!

Resources:

Rebel On The Go Facebook Group – here’s where you can access the Stepping Outside Your Comfort Zone exercise Wendy refers to!

Looking to beef up your marketing skills? We love these options!

*Offer Cure – do you have a solid business offer?

*FG Society – Offer, Copy, and Design Certification – offers marketing leads upon completion

*Funnel RX – Need a quick look at your marketing funnels?

*Webinar Gorgeous – Looking to build a webinar? We love this course

*Course Chemist – looking to build a course? Look no further

Looking to beef up your business skills or other soft skills?

Coursera – Professional Certificates, and degrees from world-class universities and companies.

Udemy – Wide range of technical courses to uplevel your skills

*In addition to personally taking these courses and participating in these programs, we are proud affiliates as well.

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Serendipitous Rebel Podcast Is Now A Good Time To Become An entrepreneur header
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Ep. 6 Serendipitous Rebel Podcast – Is Now A Good Time To Be An Entrepreneur?

Is now a good time to be an entrepreneur?

This episode was inspired by an article that Wendy shared with Krystal on Apple News: The easiest businesses to start right now as a solopreneur

It sparked a lively Voxer conversation between these two partners – is now a good time to be an entrepreneur?

Despite the upcoming promises of recessions, we still believe the answer is YES. Listen to today’s episode to hear why.

But quickly – let’s start with the word “easy.”

Is anything really “Easy”? Not really. We are always really leary when someone says easy.

There is a lower barrier to entry for entrepreneurship these days. And we think that there are a lot of fabulous opportunities as an entrepreneur at any given time. But there area  few things to consider.

It takes time to ramp up as an entrepreneur.

Overnight successes are few and far between. You need to know your runway, and you need to have things in place like start-up capital, etc to get started. Setting realistic expectations and setting realistic goals are imperative to have in place before you get started.

Ask what your gaps are.

You may have a brilliant offer, but you may need some help managing the back end of your business whether it’s social media management, or bookkeeping, marketing strategy, etc. There are a lot of things you may not even know that you don’t know. Hire your gaps. But you’ll need to have the capital to invest in education or people to help fill those gaps.

Know where you want to go.

It’s not enough to just open a business and hope for the best. How much money do you want to make? What are your operating expenses? Do you have money leftover to sustain the life that you want?

We are loving the shift in online business that is taking place in the online industry right now. It is such an exciting time to dive in, but “Easy?” Nothing worth it is ever really easy.

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Ep. 3 Serendipitous Rebel Podcast – Is There Such Thing As Balance?

As an entrepreneur everyone wants to espouse the importance of balance. But is achieving balance even obtainable?

From claims to a 4 hour work week to “I make 6 figures and only work 20 years a week,” there is a lot in the industry sold as achievable and possible, but we want to challenge that idea.

Can you work only 20 hours and make 6 figures – maybe? On year 7 or with a team of people working for you….but right out of the gate – yeah – probably not.

Setting realistic expectations about your business and your priorities is essential about how you feel balanced in you life and your business. In this episode we dive into those ideas.

As two working moms, we really feel the pinch of feeling unbalanced as working moms, mompreneurs, and females in this space.

[BRACING OURSELVES FOR THE HATE MAIL]

A majority of the family responsibilities of housework, parenting, childcare, etc. often fall disproportionately on the shoulders of women.

In fact one of the reasons many women enter in the entrepreneurial space is to have more freedom and flexibility to take care of their children. But that often becomes a double edge sword.

Now that our schedules are more flexible, we are even more predisposed to have to take kids to appointments, take off when kids are sick, or take the calls needed for kids from school, etc because our spouses are working a more traditional 9 to 5.

The flexibility ends up biting some of us in the ass.

That’s why when we hear things like “work just a few hours a week and make 6 figures” and “let’s work a 4 hour workweek” really chap our ass. It’s the snake oil that lures a lot of women into the online business space, but when the rubber meets the road you start to feel more off balance than ever as the roles and responsibilities of motherhood and wife do not let up as you take on the role of entrepreneur.

It sets up unrealistic expectations about what it means to be an entrepreneur. The fact is that most entrepreneurs are not instantly profitable in their first year of business. It takes a lot of hustle in the early days to get a business off the ground. Likely, you will work at least 40 hours to get your business off the ground, and will do so for little or no money.

So for many of us, you have to decide: What is your priority in this minute? Is it your family? Is it your business and career? If it’s the former (family) then you will have to accept that it will take longer for your business and career to take off. If it’s the latter (and by the way there is NO wrong answer to which you prioritize) then you will have to accept that you will have less time with your family while you nurture your career/business.

Whichever is the priority, part of balance in your life is accepting that things will never be perfectly balanced. It is about holding up the thing you prioritize a little higher without completely dropping the scale on the other side. It’s by no means 50/50. It is; however, life as us entrepreneurs know it.

Continue the conversation in our Rebel on the Go Facebook Group. If you are interesting in working with Wendy & Krystal to help figure out how to pace in your business reach out at hello@serendipitousrebel.com

 

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Ep 01 Serendipitous Rebel Podcast – Introducing the Serendipitous Rebel Podcast

 

We are so excited to introduce our brand new podcast Serendipitous Rebel. 

This is THE podcast for action minded, purpose driven, authentic, rebellious entrepreneurs – just like us. 

And just like you, we are trying to figure this shit out. Join us as we dive into all things entrepreneurship – from systems, to finding balance as an entrepreneur, dissecting our marketing and strategies and everything in between. 

We want to know more about YOU and your business. Join our FREE Facebook Group Rebel on the Go today!

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Ep. 02 Serendipitous Rebel Podcast – Systemizing Your Business

Welcome to the Serendipitous Rebel Podcast – THE podcast for adventurous, purpose driven, authentic entrepreneurs.

We are entrepreneurs just like you trying to figure shit out.

In this episode we are talking about systems.

Systems are the organized collection of subsystems that are integrated to accomplish an ultimate goal – or in other words the things we use to get shit done.

Without effective systems in place, your business will always feel frenetic. They are the foundations of your business. It’s more than just having a CRM in place. It’s how you function. It’s hard. It’s challenging. And we are talking through how we are setting things up at Serendipitous Rebel.