Experiencing a recession isn’t something any of us want to think about. But as a small business owner, you must stay prepared for any challenge that comes your way—including an economic downturn. Fortunately, you can begin taking steps today to protect your business in the event of a recession. You can weather the storms ahead by diversifying your products and services, trimming your expenses, maintaining a strong cash reserve, and executing other strategies. Use these tactics to prepare a recession proof small business today.
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