Welcome to a new episode of Business Lunch! In this episode, hosts Roland Frasier and Ryan Deiss discuss essential strategies for businesses to not just survive but thrive during economic downturns. They cover topics such as diversifying revenue streams, reducing debt, leveraging AI, and much more to ensure your business remains resilient and profitable.Highlights:"Investing in technology can cut costs and boost efficiency.""Strengthen your customer relationships; they're your most valuable asset.""Always be upskilling your employees to enhance their value."Timestamps:00:00 - Diversifying Revenue Streams: The Smart Way01:17 - Introduction and Current Business Climate02:28 - Economic Shifts and Business Adjustments05:00 - Indicators of Economic Recession06:14 - Building Cash Reserves for Stability08:08 - Reducing Debt to Free Up Cash Flow10:14 - Reassessing and Prioritizing Expenses17:11 - Leveraging AI for Cost Reduction18:54 - Upskilling Employees for Greater Efficiency27:41 - Acquisitions as Growth OpportunitiesCONNECT • Ask Roland a question HERE.RESOURCES:• 7 Steps to Scalable workbook • Get my book, Zero Down, FREETo learn more about Roland Frasier ?  https://msha.ke/rolandfrasier/Connect with me on social:? TikTok:  / rolandfrasier   ?  Instagram:  / rolandfrasier  ? Facebook: