How to Prepare Your Product Business for a Recession
If you're a product-based business and nervous about a potential recession, this is how you should prepare.
By Katie Hunt •
Opinions expressed by Entrepreneur contributors are their own.
Have you ever gone through a severe weather warning? Whether it was preparing for a blizzard, a hurricane or maybe even needing toilet paper during a pandemic, the panicked rush to the local grocery store is a sight to behold. Shoppers frantically drive carts and carry bags piled with canned goods, paper towels, toiletries, batteries, water gallons, pet supplies and so many "essentials." The checkout lines are swarming, the urgency of the situation creating an "every man for himself" mentality.
It's chaos preparing for potential chaos.
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