A Recession Is Coming, but Many SMBs Aren’t Taking Precautions

Economists don’t have a particularly bright view of the economy’s near future. Fears of a looming recession have been bubbling to the surface for some time, and experts are already expecting certain swaths of the population to be hit particularly hard this time around. Since SMBs are not immune to the effects of a large-scale economic downturn, a new study by BlueVine sought to learn how they’re preparing – and found that many aren’t preparing at all.

Conducted in partnership with market research firm Researchscape, BlueVine’s survey polled more than 1,000 U.S. small business owners about their thoughts on an impending recession, as well as what measures they were taking to weather its potential effects.

Read more at Business Daily News

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