Why will this recession be different than 2008 / 2009 for SMB? A short 🧵👇.
Tech has been democratized. There’s an app to streamline or automate so many processes. And if there isn’t, there’s an opportunity to build a low code / no code solution. Automation drives cost savings and scalability, and it’s accessible to even the smallest of SMBs. (2/5)
We live in a global village. A dr’s office in Topeka can hire a virtual assistant in Cebu to handle admin tasks. Companies like @Enshored can help. SMBs can find and qualify cost-effective resources, wherever they may be. This can be a life saver in tough times. (3/5)
Knowledge is power! SMBs have infinite shared wisdom at their fingertips. In 2009, there were 2.5mm Tweets per day. Today, it’s ~ billion. That’s a 400x increase. #smbtwit didn’t exist either! As things get tough, we can help each other navigate the waters. (4/5)
We need to brace ourselves for tough times, but there are things we can do today that just weren’t possible fourteen years ago. It's a brave new world. 👍 (5/5)
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