Start Getting Ready Now for a Likely Recession
In last issue’s publisher letter, I talked about how inflation is back; and that it’s going to have an adverse impact on home-based business owners. Intimately linked to inflation is the increasing risk of a recession. There are so many factors beyond inflation that are making a recession near inevitable. Although these factors are beyond the scope my letter, a few warrant mention. In addition to inflation there is a falling crypto market, damaged supply chains, a growing credit crisis, underemployment; and, of course, massive budget deficits and the stratospheric national debt that is finally coming home to roost. It’s a perfect storm. So, what should you do as a home business owner to batten down the hatches? First, shore up your business. Touch base with your clients and confirm whether their current…
