Subscribe to Entrepreneur for $5
Subscribe

5 Ways Your Business Can Get Ahead of an Economic Slowdown

Here are five things business owners can do now to help set themselves up for success during and after a recession or economic slowdown.

By
Opinions expressed by Entrepreneur contributors are their own.

In Q2 of 2022, the U.S. contracted for a second straight quarter – a move that typically shows the U.S. is headed for a recession. Historically, are more likely to be hit harder during a recession. The budget constraints and reduced spending power that come with a recession hit small businesses harder, given the tightly controlled budgets they typically operate on.

While economists have varying views as to if, or when, the economy will hit an official recession, there are small steps owners can take now to be ready, just in case.

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Entrepreneur Editors' Picks