While this outcome isn't yet set in stone, it's likely enough that businesses need to start preparing as soon as possible, says Jorge A. Guzman, associate professor of business management at Columbia Business School. He adds that early recessionary conditions are already here: Hiring freezes in the tech industry and the dropping values of cryptocurrencies already point to economic downturn. Small businesses, he adds, "need to race ahead of the issues, instead of chasing them as they show up." And do prep for the long haul. "I don't think anybody knows if the effects are going to be felt over six months or two years," says Guzman.
https://www.inc.com/rebecca-deczynski/recession-small-business-strategies-financial-planning.html
