The inflation reduction bill in Congress, written by Shumer and Manchin is a lie. It does not reduce inflation, in fact it increases it and makes the economy weaker.
So we have to run our businesses in a recessionary mode. What do you do?
running your business in a recession
- protect your cash
- look at staffing, who stays and goes
- seek assistance
- revisit inventory management
- drop the extras
- woo existing customers
- win new customers
- keep marketing and building your networks
- look at alternative income sources
- sell off your assets you do not need
- mediate your disputes, eliminate legal costs
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