Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

The recession is coming. #defensewinschampionships #smallbusiness #homeservices #landscapingbusiness

19 Sept 2024 · 1 min

Watch on YouTube

0:57

Short YouTube monologue by Mike Andes urging small-business owners (especially in homeservices/landscaping) to add recurring revenue to survive an inevitable recession. He repeats the slogan “Defense wins championships,” shares a 2020 anecdote where projects and deposits stopped for weeks until government intervention, warns many businesses haven’t seen a recession in 14 years, and strongly urges newer businesses to create recurring revenue streams to keep families fed during downturns.

Chapters

I don't want you to go out of business and like you just got to play a little bit of defense here, like play offense, play 60, 70% projects. But please have a little recurring to make sure your family is fed during a recession. Defense wins championships. Yeah, recession is going to be bad. Like people really got a taste of it in 2020 for like two or three weeks. And I had massive companies calling me and be like, we have no project. Everyone just pulled their deposits or told us to keep their deposits and they weren't doing projects. The government stepped in. Within a matter of two to three weeks, everything changed. But people forget so quickly what they felt like in those two or three weeks. Because I've seen the same companies that called me during those couple weeks freaking out, going all in on one time jobs and I'm like, what are we doing? We have not seen a recession in 14 years. I can guarantee you there will be a recession one day and it'll wipe these people out that don't have any recurring revenue. Yeah. And so I just beg, I beg, if you haven't been in business for 14 years, please, please just add some recurring revenue.