The National Bureau of Economic Research (NBER) is the non profit economic think tank who has the distinction of making the official announcement that we are in a recession. While Martin Feldstein’s group is yet to announce that we are in a recession, signs seem to be pointing that we are in a very bad downturn, if not a recession.
The stock market is going crazy; the gas prices is through the roof; foreclosures are sprouting like mushrooms; consumers are holding off spending, and so on.
The question is: are you and your business prepared for a recession?
Read some tips on how to survive a downturn . Ride out the tough times with these strategies. Recession or no recession, you can also avoid catastrophe in your business and break the chain of mistakes to prevent business disaster . Also learn some proactive measures to bullet-proof your business.
On a personal level, if you are concerned with your retirement savings, be sure to protect your nest egg.