How Entrepreneurs And Small Businesses Can Prepare For A Recession

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How Entrepreneurs And Small Businesses Can Prepare For A Recession
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With an economic slowdown likely, entrepreneurs and small business owners 'better get ready to make some quick adjustments to your overall strategy and potentially the business model,' our contributor Bernhard Schroeder writes.

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Cashflow is the life blood of almost any business. Managing your cash whether it’s through a more aggressive accounts receivable effort, a negotiated payment schedule with vendors in your accounts payable, keeping employee costs in line with wage freezes and little hiring. It all matters right now as your primary goal should be to generate strong cash flow in the business.

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