Downturn

In The News: Job and Industry Growth Reported But Businesses Brace for Downturn

This week’s roundup starts with great job numbers and goes on to report on different aspects of the workforce. This includes the four growth industries 99designs has identified in its annual report as well as how small businesses are preparing for a possible economic downturn. The good news is January managed to create 291,000 jobs, …

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90% of Small Businesses Prepare for Economic Downturn – But Remain Optimistic

Most small businesses (90%) have taken steps to prepare their businesses for an economic downturn. Despite this, many believe the climate remains predominantly favorable. And more than half (57%) admit to feeling better about the state of the US economy compared to a year ago. The statistics come from the 2020 Hiscox Small Business Owner …

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Are You Ready for an Economic Downturn?

By Rieva Lesonsky If there’s one thing that’s predictable about entrepreneurship, it’s that it’s unpredictable. In this special series, we’ll help you prepare for uncertainty, minimize risks, and protect your business. Talking about an economic downturn right now might seem like a move only Debbie Downer would make. After all, retail sales are at record …

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