The Recession-Proof Checklist Your Company Needs

It’s easy to forget that the Great Recession was just a decade ago. Today, the national unemployment in the United States sits at just 3.7%—a far cry from the record high 10% in 2009.

Although there is no stock-buying mania on Main Street like there was in 1999, and no economic promise that “this time is different”—we cannot forget that millions of Americans learned their lessons the hard way.

First and foremost, lessening the impact of a future recession on your company comes down to planning. It’s often said, “Don’t ride the highs too high or the lows too low.

” A team’s ability to prepare in advance by taking steps that lessen the recessionary impact is key for small businesses everywhere.

Wall Street and financial mavericks and mavens can argue all day about when the next recession will hit, but the reality is, economies fluctuate and another recession is not an if, but a when.