Week 37 Day 5 Action Items

Day 5

• [ ] Understand the importance of resilience in sustaining business during downturns.
• [ ] Explore strategies to adapt business models and offerings to changing market dynamics.

Reflection Questions: Now that you have reviewed your financials, considered pivot strategies, and financial risks, now consider seasonality and strategies to adapt your business model and product or service options to stay resilient during economic downturns. Is there a seasonality to your business? How can you maximize seasonal highs to balance seasonal lows?

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New Product or Service Options

What product or service options can you begin to develop today, to prepare for market changes in the future?

1. Idea 1
2. Idea 2
3. Idea 3
4. Idea 4
5. Idea 5