Recession Proof Your Business Now

A Recession Is Looming…

recession looming

It has been 13 years since the 2007-2009 recession. The USA already has 2 quarters of negative GDP growth.

In Singapore – “The Government has narrowed its economic growth forecast range for 2022 in tandem with a worsening outlook for the global economy and stubbornly high inflation. The Ministry of Trade and Industry (MTI) narrowed its range for Singapore’s gross domestic product growth this year to 3 percent to 4 percent, from an earlier projection of 3 percent to 5 percent.

The years ahead will likely be rough for businesses, what can we do? How can we do more with less resources?

What Happens During A Recession?

What happens during a recession?

As we all know, during a recession, the economy shrinks, unemployment rises, and consumer and business spending drop.

The economic pie becomes smaller for everyone. While we cannot control how long the recession will last, we can proactively take measures to weather the recession.

During a recession, sales revenue drop, and payment collections become much more difficult. Companies with bad cash flow will fail.

While some industries might still do well in a recession, most businesses suffer

It is very challenging to increase revenue during a recession due to bad economic sentiments, most businesses resort to cutting costs to manage their cash flow. Inefficient businesses will be replaced by businesses that can operate cost-effectively.

 

How To Survive The Upcoming Recession And Steal The Competitors’ Market Share At The Same Time?

Increase market share

We can all agree that one of the most practical strategies to use is the “Last Man Standing” strategy. By ensuring good cash flow during the downturn, poorly run companies (your competitors) will go out of business and the last man standing in the market gets to win their market share.

This is where the magic happens.

Magic Happens

The median salary in Singapore (including employer CPF contribution is SGD$4680 per month).

Source: https://dollarsandsense.sg/whats-median-salary-singapore-every-age-gender-education-race/

With this median salary, you can hire 2-5 full-time employees in the Philippines!

Although Singapore has many local talents, not many are willing to join SMEs in Singapore. And those who do join SMEs may not necessarily stay for long. To grow, SMEs need a team of capable and committed talents, a team of employees willing to grow with your company. At Kaizenaire, we help recruit the top talents from the Philippines to work for you remotely! We are not talking about hiring a few full-time employees in the Philippines, we are strategically building entire teams for your business for long-term success.

Cut cost – do more with less – build your offshore Philippines team

Offshore Philippines Team

The savings from recruiting, training, and maintaining your full-time team of employees in the Philippines is significant. We are looking at thousands and tens of thousands in savings monthly. By hiring more people with less, you have more capacity to build your business and focus on building the business.

Some common positions that you can offshore to the Philippines:

Customer service

With today’s technologies, customer support has already shifted to CRM systems, Web Chat, and Whatsapp. Gone are the days of phone support. Having your dedicated customer service team around the clock gives your customers assurance and great after-sales service!

Designers (web / graphic)

There are many talented designers in the Philippines and with the help of graphic design tools like Canva.com and template designs, we can help you build a team of designers with the right training and tools to get the most productivity for your company.

social media marketer

It is extremely challenging to hire a social media marketer who is good at copywriting, ads management, and design. For best results, we advise clients to hire a team of writers (with AI tools to assist in writing), designers, and paid ads specialists.

SEO Content Writer

To rank highly in Google is all about unique quality content plus link building. In our last 10 years in the digital marketing industry, Google SEO offers the best ROI on your investment. The industry has changed a lot (together with Google’s SEO algo). With the advantage of AI (artificial intelligence) technologies, writers now have AI-assisted writing tools that can help create better content in less time.

Lead generation / outreach

Perhaps cold calling still works, but an effective way to reach new customers is to contact them via their websites for B2B industries. Hire specialists to build target lists of potential clients and contact them one by one with a pitch. Or follow up with existing clients in your CRM to generate more revenue

Navigating cultural nuances in the Philippines


Book Design

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Magazine Cover / Layout

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Working on our next big thing. Shhhh…

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Meet the team.

Jake Andrews

WEB DEVELOPER

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Stacey Norton

PHOTOGRAPHER / GRAPHIC DESIGNER

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Frequently Asked Questions

Do you provide WordPress plugin development services?

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What about WordPress theme development services?

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How much does it cost to build an Elementor landing page?

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