Over the past few years, we have suffered one economic blow after another. The most recent tailspin started with COVID which blasted the world’s economy into pieces and was the catalyst for catastrophic supply chain disruptions. This downward trend in the economy has worsened due to rising interest rates and skyrocketing inflation. Many businesses have failed. Sadly, they were simply unable to contend with these challenges and volatility.
When the economy gets tough, businesses need to be prepared and stay strong. There are ways to protect your business and even grow during challenging times. This is possible, but it will take the right business growth strategy to make it happen.