Recession Proof Your Business—Managing In A Climate Of Uncertainty
The recent emergence of the coronavirus (COVID-19) crisis has fueled stock market gyrations, with predictions for a period of lower growth, if not an outright recession comparable to the one experienced in 2008-’09. While at press time the jury was still out on how serious the economy’s near-term downturn will be, sooner or later a recession is likely. Given that reality, preparing for harder times means paying attention to your operation’s numbers now—such as reducing costs or paying down debt—to ensure that your company is in good shape should hard times become the norm. The key is ensuring continuous cash ...
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