"Early Effort to Fix Mess in Mortgages Falls Short", Slower Hiring, Not Layoffs, Hurts Labor Market", Fed's Yellen Sees a 'Significant Threat' To Economy, Rejects Talk of tightening".
Those are just some of the headlines on the front page and page 2 of Wednesdays Wall Street Journal.
While a 'recession' hasn't been formally announced or declared, many are feeling the affects. When you own your own business this can be a scary time. There are some things you can start doing right away to limit your risk when the economy falters.
Top 5 Ways to Limit Your Risk During a Recession
- Get a signed personal guarantee.
- Offer month to month credit.
- Offer ship to ship credit.
- Ask for a security deposit.
- Get a 50% deposit on every order.
» Stagnation, Inflation and Recession: A Downward Spiral from Know More Media
For months now there has been anxiety about recession. The stock market is extremely volatile, the mortgage industry is in a horrible slump, as is consumer confidence, and there is increasing concern about US dollar loosing value. According to... [Read More]
Tracked on: March 3, 2008 2:43 PM | Permalink to Trackback