The U.S. experiencing a recession is not a sure thing—but it’s a possibility on our nation’s financial horizon. MASSAGE Magazine’s editors curated this selection of current resources for you to consider, as the possibility of needing to recession-proof your small business continues to rise.
History Repeats Itself: How to Prepare for a Recession
“Record inflation rates and economic disruptions caused by the COVID-19 pandemic and global conflict have impacted the financial stability and confidence of American households. Some experts point to signs of a recession looming, and there are ways you can prepare your finances.”
Annuity.org
Survival Tips for Managing During an Economic Downturn
“Running or managing a small business often leaves little time to keep track of national, and even regional, economic indicators that might affect your industry and your specific operation. Yet conditions such as interest rates, inflation, gross national product, stock prices and consumer confidence have direct impact on your profitability and on relationships with vendors, customers and even employees.”
U.S. Small Business Administration
5 things to do with your money right now to prepare for a recession, according to a financial planner
“Many people are worried about a looming recession, and it’s easy to see why. Rising inflation, spiking consumer prices, supply-chain issues, instability in the global market, and labor shortages all have many financial experts saying that another recession is around the corner.”
Business Insider
Smart Money Podcast: Recession Prep, and Lightning Questions
“A recession might be inevitable — but that doesn’t mean we’re about to slip into one right now. Either way, it doesn’t hurt to prepare your finances for the worst. That means focusing on saving money and trying to trim expenses where you can.”
Yahoo!Finance
Looking for Recession-Proof Stocks? Find the Outperformers
“Financial advisors have a reliable playbook during periods of market volatility and recessions, and many have started to turn to it as fears of a pending recession increase. But you’d be hard-pressed to find a financial expert who claims there are completely recession-proof stocks out there.”
Nerdwallet
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