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5 Strategies to Recession-Proof Your Business

Metasource

The answer differs based on who you ask, but according to a Bloomberg survey of economists , the recent interest rate hikes by the Federal Reserve along with the current banking crisis have greatly increased the odds. found that outsourcing can enable companies to achieve a 15-40% reduction in operating costs. Is a recession coming?

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Surviving the Storm: What Strategies Can a Company Use in an Economic Downturn?

inDinero

Regardless of our bank balances, we will typically continue to grocery shop, buy cosmetics, put fuel in our cars, and buy pet food. It may also be beneficial to renegotiate rental or lease agreements to reduce overhead costs. This not only reduces costs but also improves productivity. Some may even thrive.