How Do Businesses Stay Afloat During Economic Downturns?

The worst economic downturn so far for me was Covid.  What I learned is that my business was cut in half and even if I had to get back on the broom it was ok.  I did go back on the broom, laid off my office admin as I can do the office admin position in my sleep and kept my brand new supervisor whom I just hired in Feb 2020. I did not change my prices, in fact as Covid was winding down I raised my prices.  I knew I had the tools to rebuild my business, it is like muscle memory.  And we did.