Is Diversifying within your business part of your Recession Proofing Plan? Having a plan in place to do this helps overcoming tough times and requires adaptability. It's one element of Financial Freedom for Organisations - that is F₃O.

It’s essential to balance your immediate financial needs with your goals — and Diversifying your revenue can help.
Where would you start with this? Try reimagining your current offerings or brainstorming ways to repurpose your work.

“Having over 20 years Diversifying products and businesses, I have found that the key is not to make knee jerk judgements. Keeping an open mind with a touch of creativity can make what first appears as improbable into a highly profitable venture.”

GRAHAM HALES

This is where YourBigPic can really help you – our BIG PICTURE Digital Board will help you understand your challenges and deliver opportunities which is exactly what we demonstrated in this 22 minute recap of the LIVE Event:

“Not throwing the baby out with the bath water" would be one of my earnest suggestions. Instead, explore using your existing product in new settings/verticals. Identify specific enhancements for that market compared to the opportunity in the market and consider how much of those changes could apply to existing environments. It's certainly not risk-free but has elements of mitigation in there.”

KARL SOUTHERN

We attracted a whole load of Pre-Work for the LIVE Event which you may find interesting to peruse. You can see some of it showcased on this page. Here is Hywel breaking other Pre-Work into Pros and Cons:

“Diversifying is not easy and it takes time, money and talent”

JOHN ENGLISH