Bad Times Ahead?

Stay lean from the start...just in case
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Entrepreneurs tend to take on extra expenses when times are good, but this can sink you if recession strikes. Look out for over-reliance on high-priced professional advisors, products that don't carry their weight, and even marginal customers you'd be better off without. Also think twice before adding expenses that may be hard to cut, such as employees.

More from Entrepreneur

Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Discover the franchise that’s right for you by answering some questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur