Operating smoothly one minute, going through a pandemic the next and now a slowing economy – it’s safe to say business owners have been on a roller coaster these past couple of years. Most small business owners say they see that the economy is starting to slow and are doing their best to prepare.
Many experts and analysts have recently and repeatedly warned that an economic storm is coming. After the unknowns and challenges of the pandemic, this is devastating news for the businesses still standing. Goldman Sachs, for example, has said there is a one-in-three chance of a recession in the next 24 months.
Likewise, Deutsche Bank has warned that a “major” recession is at our doorstep and will hit in the coming months. Elon Musk has claimed that we’re already in a recession and we will continue to sit in the middle of it for another year and … Read more