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In the U.S., a modern economic recession occurs on average every 6 years and lasts an average of 10 months according to NBER. This means it is likely a business owner who plans on running a business longer than 5 years will experience at least one recession. While there are some businesses that are nearly recession-proof, most businesses will need to find a way to weather the storm.
When a recession hits, the last thing you want is to be blindsided.
Continue reading 6 Ways to Prepare a Business for a Recession at StartUp Mindset.
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