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How to Survive and Grow Your Business During an Economic Downturn

by Priya Shah – Business Editor

Recession-Proof Your Startup: How One ‍Company ⁤Hit $200 Million During Economic Uncertainty

A roofing restoration company launched just before the pandemic has scaled to nearly $200 million in annual revenue in ⁣2025, proving that economic​ downturns can be fertile ground ⁣for innovative businesses. While many⁤ companies braced for impact during ⁢the⁣ Covid-19 pandemic and subsequent ⁣economic challenges, Roof Maxx capitalized on a growing need for affordable‌ solutions and lasting⁤ practices. The ‍company’s success isn’t a fluke; it’s built on a set of​ principles that can help any business not ​just survive, but thrive, when ⁤times ‍get ​tough.

Tough economic times ⁢are scary for businesses and⁤ consumers, but the ‍solution isn’t to ⁣take your foot off the ‌gas. I opened the first⁢ Roof Maxx dealership in 2019,just one year before the Covid-19​ pandemic. Today, it’s‌ a ‌nationally recognized residential ⁣roof⁤ restoration brand with ‍an annual revenue of nearly ‌$200 million in 2025. Here are five key⁤ principles I used to guide my business decisions during those challenging years.

Related: How ⁣Grate Entrepreneurs Find Ways to Win During Economic Downturns

The core strategy revolves around offering value when consumers are ‌most price-sensitive. As people tighten their ⁣belts, they become more discerning about spending, but also more open to solutions ‍that save them money in the ⁢long run. This is particularly true for services that address essential needs.

“When faced with the choice ⁣of throwing it away,⁢ they will. ⁢and ⁤since many ‌green solutions focus on reducing waste, these services have more appeal when the ‌economy suffers, not less,” explains the founder. With Roof Maxx, we ⁢offered homeowners a way to keep their current asphalt shingles in ⁣good condition instead of having to pay for a full ​roof ⁢replacement. Not only did it save ‌an average of 3.8 tons of landfill waste ⁢per home, but it also cost up to 80% less. The fact that‍ we⁣ were eco-kind wasn’t a bonus; it was ​a key part of the ‌value we were ‍offering at a time when⁢ every saved shingle (and dollar) mattered.

Related: build a Business That Helps People Feel Good About Doing the Right Thing

Make your ⁤business recession-resistant

The‌ principles that‍ helped⁢ my business grow during one of the worst recessions in our lifetimes weren’t ‍rocket science.They were simple:

  • Focus on an essential problem
  • Offer an affordable choice to something expensive
  • Keep operating ⁤costs in check
  • Focus on aging systems or infrastructure
  • Help customers stay lean and green

You can use ⁤these to insulate⁢ your business⁤ as​ well. Here’s to sustainable growthno matter what the future ​holds.

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