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Feb17
Top 5 ways to Limit Your Risk During a Recession

"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

  1. Get a signed personal guarantee.
  2. Offer month to month credit.
  3. Offer ship to ship credit.
  4. Ask for a security deposit.
  5. Get a 50% deposit on every order.

 

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» 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]

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