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6 Ways to Recession-proof Your Small Business Today

There’s a lot going on as we continue to recover from the pandemic. We assumed that once the pandemic ended, all would be well. Life would return to normal. Yet we find ourselves grappling with the highest inflation in 50+ years, ongoing supply chain issues, war, and maintaining a quality workforce. Now, given these and the current rise in interest rates, more economists and financial leaders are suggesting we are headed into a recession. How should a small business owner respond? Actually, there is a lot you can do if a recession doesn’t happen. The 6 strategies below will strengthen your business with the ability to take advantage of market opportunities.

  1. Manage your cash flow
  2. Revisit your value proposition
  3. Maintain good customer relationships – Read the full article at CDA Press – Business Journal of North Idaho

Click HERE for more ways to help your business