Has the Next Recession Already Begun?

Understanding the economy and where we are in the economic cycle is very important for entrepreneurs and for new small business owners. This will help one understand where interest rates will be if they need to acquire equity or if their consumers are willing to spend money on their product or service due to availability of disposable income. There are many different factors that one must take into account and this blog helps us recognize some of the most important ones.

In this blog, they noted that there are five things small business owners should be cognizant of or to do before the next big recession: “1. Grow Profitability […], 2. Preserve Cash […], 3. Get a Bank Credit Line Now […], 4. Boost the Gross Margin […] and finally Cut Costs Even if Revenue is Stable” (Moltz). These steps are quintessential to running a stable and profitable business in the largest and or most rough downturns. If ones prepares for these downturns in a timely manner then they will be ahead of the curve and so will their business. 

Citation:

Moltz, Barry. "Has the Next Recession Already Begun?." Small Business Trends. Small Business Trends, 15 Sept. 2015. Web. 16 Sept. 2015.

http://smallbiztrends.com/2015/09/the-next-recession.html?tr=sm