No one likes recessions. For businesses, however, they can be disastrous. While there is no single way to survive (or possibly even thrive) in a recessed economy, there are steps that every business owner can take to brace themselves for the coming storm, and possibly even come out the other end in good shape.
In this article, we take a look at a few tips that will help you bootstrap your business for the looming recession.
When buttoning down the hatches, it’s almost reflexive to pause any business activity that doesn’t correlate directly with keeping the lights on. Certainly, there are situations for which this should be the case.…Continue reading