Maximize your Studio’s Recession Resistance with Powerful Strategies

While economic cycles naturally have periods of growth and slowdown, studio owners can take steps to minimize the impacts of a recession. Instead of worrying, try to see this as part of the business journey and proactively prepare for it. You’ve successfully navigated the closures and uncertainties of the COVID pandemic, even with limited data and understanding. And, unlike the pandemic, recessions have been experienced before, giving you the opportunity to develop strategies that can make your studio more resilient to its potential negative effects.

Having worked with hundreds of studios around the globe, here are our top 9 tips to prepare yourself for a recession, should a recession materialize.