recession Archives

6 Recession-Proof Side Hustles You Can Start Today to Bring in Extra Cash

With a couple of banks going under and jitters spreading about the banking industry overall, fears of a recession are back in the headlines. So it's only natural that with this economic volatility comes more...

byJennifer Paley

March 16, 2023

In Michigan’s tech sector, optimism shines through the clouds

With more economists forecasting a recession in 2023, some business owners are expressing concern about making it through what promises to be a tough year. But Fred Molnar of the Michigan Economic Development Corporation reports...

byStartupNation

December 1, 2022

Starting Up in Slow Times: How to Prepare for a Recession

Running a new startup business is no easy feat and comes with lots of risks. Even after the money comes rolling in from your investment pitches, there are still many hurdles to jump and roadblocks...

byCharlie Fletcher

September 29, 2022

5 Ways to Steady Your Company’s Finances Ahead of a Recession

As a company owner, you have likely been dealing with all the effects of inflation lately — the prices of raw materials have skyrocketed, shipping costs are way higher than usual, business commutes now weigh...

byNathan Liao

July 28, 2022

Why Recessions Are a Good Time to Start a Side Hustle

The truth is, recessions happen, and they happen often. Since 1900, the U.S. economy has averaged one recession about every four years. They’re not so regular as to be predictable and they cause real economic...

byEric Goldschein

December 30, 2020

The Benefits of Starting a Business During a Recession

At the time of writing this, the world is in the midst of a global recession. Induced by a pandemic and unprecedented state responses, it is even worse than the last international period of economic...

byRob Dance

December 8, 2020

Keep Navigating Through the Rapids: 5 Tips for Surviving a Recession

To say that we’re in a trying time for business owners, big and small, would be an understatement. But don't lose hope. With patience and resolve, you and your business can still come out of...

byAlan Davis

May 4, 2020

WJR Business Beat with Jeff Sloan: Why Now is the Time to Start a Business (Episode 43)

This segment is brought to you by Dell Technologies While it may seem counterintuitive, starting a business during a down period can be a great time to explore your entrepreneurial endeavors. On this morning's WJR...

byStartupNation

April 29, 2020

More encouraging signs – consumer confidence soars, says study

You may recall my post, The beginning of the end … of the bad economy, last month. Based on the April Consumer Confidence Index, things appeared to have turned the corner and people's confidence seemed...

byRich Sloan

May 27, 2009

Costco Magazine “Recession Busters” Article

They edited my article down a bit and ran it in their January Costco Connections Magazine. Thought you might enjoy it without the edits... Buck the Recession Recession. What recession?! Or so goes the attitude...

byRich Sloan

January 16, 2009

Retail Sales up 7.2% from Last Year, But Is Anyone Making Money?

The National Retail Federation announced holiday sales are up 7.2% from last year. While these numbers are encouraging, here’s the real question: “Is Anyone Making Money?” As the dark cloud of Recession looms over the...

byHeather Schuck

December 3, 2008

Turn Recession Woes into “Wows”

Economists and the media may debate whether we are in a true “recession” or not, but that doesn’t change the fact that sales are down and consumers are pulling back. I’m certainly not excited about...

byHeather Schuck

July 24, 2008