As the global economy undergoes the worst recession since World War II due to Covid-19, it’s important to know how to weather the storm as a business owner. While economic downturns tend to affect everyone in some way or another, business owners seem to always bear the brunt of it. This couldn’t be more true today as there have been more than 97,966 permanent business closures due to COVID-19 shutdowns.
To stay afloat during an economic downturn, businesses have to get creative and make quick decisions when the unexpected occurs. Using hard-earned lessons from entrepreneurs who survived the Great Recession and other financial crises, we’ve shared six business insights that every entrepreneur could benefit from to survive an economic crisis.
Thanks to https://www.thimble.com/ with this graphic.