{"id":4511,"date":"2022-12-01T10:45:01","date_gmt":"2022-12-01T10:45:01","guid":{"rendered":"https:\/\/mafoibusinessconsulting.com\/?p=4511"},"modified":"2024-08-12T20:13:50","modified_gmt":"2024-08-12T14:43:50","slug":"7-ways-to-sustain-your-business-during-recession","status":"publish","type":"post","link":"https:\/\/www.omnetsolution.com\/mafoi\/7-ways-to-sustain-your-business-during-recession\/","title":{"rendered":"7 Ways To Sustain Your Business During Recession?"},"content":{"rendered":"
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The\u00a0<\/span>COVID-19\u00a0<\/span>epidemic\u00a0<\/span>generated\u00a0<\/span>a\u00a0<\/span>boom\u00a0<\/span>in\u00a0<\/span>entrepreneurs,\u00a0<\/span>and\u00a0<\/span>it\u00a0<\/span>doesn’t\u00a0<\/span>seem\u00a0<\/span>to\u00a0<\/span>be\u00a0<\/span>abating.<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n<\/div>\n
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But\u00a0<\/span>many\u00a0<\/span>small\u00a0<\/span>firms\u00a0<\/span>are\u00a0<\/span>concerned\u00a0<\/span>that\u00a0<\/span>a\u00a0<\/span>recession\u00a0<\/span>might\u00a0<\/span>start\u00a0<\/span>as\u00a0<\/span>soon\u00a0<\/span>as\u00a0<\/span>this\u00a0<\/span>year\u00a0<\/span>owing\u00a0<\/span>to<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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persistent\u00a0<\/span>inflation\u00a0<\/span>and\u00a0<\/span>world\u00a0<\/span>events.\u00a0<\/span>Should\u00a0<\/span>you\u00a0<\/span>jump\u00a0<\/span>into\u00a0<\/span>the\u00a0<\/span>boom\u00a0<\/span>if\u00a0<\/span>you’re\u00a0<\/span>thinking\u00a0<\/span>about<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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doing\u00a0<\/span>so?<\/span><\/div>\n
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<\/div>\n
A\u00a0<\/span>firm\u00a0<\/span>that\u00a0<\/span>is\u00a0<\/span>recession-proof\u00a0<\/span>does\u00a0<\/span>not\u00a0<\/span>exist\u00a0<\/span>since\u00a0<\/span>every\u00a0<\/span>financial\u00a0<\/span>crisis\u00a0<\/span>is\u00a0<\/span>unique.\u00a0<\/span>However,<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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certain\u00a0<\/span>company\u00a0<\/span>models\u00a0<\/span>include\u00a0<\/span>characteristics\u00a0<\/span>that\u00a0<\/span>enable\u00a0<\/span>them\u00a0<\/span>to\u00a0<\/span>endure\u00a0<\/span>difficult\u00a0<\/span>economic<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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times.\u00a0<\/span>So\u00a0<\/span>as\u00a0<\/span>we\u00a0<\/span>approach\u00a0<\/span>uncertain\u00a0<\/span>times,\u00a0<\/span>here\u00a0<\/span>are\u00a0<\/span>seven\u00a0<\/span>company\u00a0<\/span>strategies\u00a0<\/span>that\u00a0<\/span>are<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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recession-resistant\u00a0<\/span>for\u00a0<\/span>you\u00a0<\/span>to\u00a0<\/span>think\u00a0<\/span>about.<\/span><\/div>\n
<\/div>\n
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  • Consolidation\u00a0<\/span>after\u00a0<\/span>careful\u00a0<\/span>consideration<\/span>\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
    \n
    It\u00a0<\/span>may\u00a0<\/span>be\u00a0<\/span>quite\u00a0<\/span>tempting\u00a0<\/span>to\u00a0<\/span>start\u00a0<\/span>making\u00a0<\/span>mass\u00a0<\/span>layoffs\u00a0<\/span>when\u00a0<\/span>client\u00a0<\/span>bases\u00a0<\/span>are\u00a0<\/span>declining,<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    revenues\u00a0<\/span>are\u00a0<\/span>falling\u00a0<\/span>short\u00a0<\/span>of\u00a0<\/span>expectations,\u00a0<\/span>and\u00a0<\/span>businesses\u00a0<\/span>are\u00a0<\/span>sliding\u00a0<\/span>rapidly\u00a0<\/span>into\u00a0<\/span>the<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    red.\u00a0<\/span>It\u00a0<\/span>should\u00a0<\/span>be\u00a0<\/span>underlined\u00a0<\/span>that\u00a0<\/span>any\u00a0<\/span>kind\u00a0<\/span>of\u00a0<\/span>employee\u00a0<\/span>layoff,\u00a0<\/span>including\u00a0<\/span>consolidation,<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    retrenchment,\u00a0<\/span>or\u00a0<\/span>other\u00a0<\/span>euphemisms,\u00a0<\/span>should\u00a0<\/span>be\u00a0<\/span>approached\u00a0<\/span>seriously\u00a0<\/span>and\u00a0<\/span>with<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    considerable\u00a0<\/span>care\u00a0<\/span>and\u00a0<\/span>consideration.\u00a0<\/span>To\u00a0<\/span>cut\u00a0<\/span>costs\u00a0<\/span>and\u00a0<\/span>at\u00a0<\/span>least\u00a0<\/span>partially\u00a0<\/span>stem\u00a0<\/span>the<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    bleeding,\u00a0<\/span>leadership\u00a0<\/span>must\u00a0<\/span>be\u00a0<\/span>willing\u00a0<\/span>to\u00a0<\/span>let\u00a0<\/span>go\u00a0<\/span>of\u00a0<\/span>some\u00a0<\/span>of\u00a0<\/span>its\u00a0<\/span>employees,\u00a0<\/span>but\u00a0<\/span>it\u00a0<\/span>must\u00a0<\/span>be<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
    \n
    highly\u00a0<\/span>selective\u00a0<\/span>about\u00a0<\/span>where\u00a0<\/span>those\u00a0<\/span>layoffs\u00a0<\/span>occur.\u00a0<\/span>Check\u00a0<\/span>your\u00a0<\/span>organi<\/span>z<\/span>ational\u00a0<\/span>structure<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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    carefully\u00a0<\/span>for\u00a0<\/span>items\u00a0<\/span>like\u00a0<\/span>redundant\u00a0<\/span>tasks\u00a0<\/span>and\u00a0<\/span>unnecessary\u00a0<\/span>roles.<\/span><\/div>\n
      \n
    • Expenditures\u00a0<\/span>on\u00a0<\/span>marketing\u00a0<\/span>and\u00a0<\/span>advertising<\/span><\/strong>\u00a0<\/span><\/li>\n<\/ul>\n
      \n
      Many\u00a0<\/span>firms\u00a0<\/span>may\u00a0<\/span>feel\u00a0<\/span>compelled\u00a0<\/span>to\u00a0<\/span>scale\u00a0<\/span>down\u00a0<\/span>on\u00a0<\/span>their\u00a0<\/span>marketing\u00a0<\/span>and\u00a0<\/span>advertising<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
      \n
      initiatives\u00a0<\/span>during\u00a0<\/span>an\u00a0<\/span>economic\u00a0<\/span>downturn\u00a0<\/span>that\u00a0<\/span>is\u00a0<\/span>almost\u00a0<\/span>a\u00a0<\/span>recession.\u00a0<\/span>This\u00a0<\/span>may\u00a0<\/span>result\u00a0<\/span>in\u00a0<\/span>a<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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      gap\u00a0<\/span>in\u00a0<\/span>certain\u00a0<\/span>sectors,\u00a0<\/span>which\u00a0<\/span>the\u00a0<\/span>astute,\u00a0<\/span>ambitious\u00a0<\/span>businesses\u00a0<\/span>will\u00a0<\/span>immediately\u00a0<\/span>identify<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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      and\u00a0<\/span>work\u00a0<\/span>to\u00a0<\/span>fill.\u00a0<\/span>Businesses\u00a0<\/span>who\u00a0<\/span>choose\u00a0<\/span>the\u00a0<\/span>opposite,\u00a0<\/span>and\u00a0<\/span>perhaps\u00a0<\/span>paradoxical,\u00a0<\/span>course<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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      of\u00a0<\/span>raising\u00a0<\/span>their\u00a0<\/span>marketing\u00a0<\/span>expenditure\u00a0<\/span>will\u00a0<\/span>fill\u00a0<\/span>that\u00a0<\/span>hole\u00a0<\/span>and\u00a0<\/span>reach\u00a0<\/span>a\u00a0<\/span>larger\u00a0<\/span>audience\u00a0<\/span>than<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
      \n
      ever\u00a0<\/span>before\u00a0<\/span>while\u00a0<\/span>the\u00a0<\/span>competition’s\u00a0<\/span>marketing\u00a0<\/span>cacophony\u00a0<\/span>fades\u00a0<\/span>to\u00a0<\/span>nothing\u00a0<\/span>more\u00a0<\/span>than\u00a0<\/span>a<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
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      whisper.\u00a0<\/span>And\u00a0<\/span>although\u00a0<\/span>such\u00a0<\/span>a\u00a0<\/span>risky\u00a0<\/span>move\u00a0<\/span>may\u00a0<\/span>not\u00a0<\/span>pay\u00a0<\/span>off\u00a0<\/span>right\u00a0<\/span>now,\u00a0<\/span>it\u00a0<\/span>might\u00a0<\/span>result\u00a0<\/span>in<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
      \n
      long-term\u00a0<\/span>gains\u00a0<\/span>when\u00a0<\/span>people\u00a0<\/span>start\u00a0<\/span>spending\u00a0<\/span>more\u00a0<\/span>in\u00a0<\/span>the\u00a0<\/span>coming\u00a0<\/span>weeks,\u00a0<\/span>months,\u00a0<\/span>and<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
      \n
      post-recession\u00a0<\/span>years.<\/span><\/div>\n
      <\/div>\n
        \n
      • Examine\u00a0<\/span>inventory\u00a0<\/span>control<\/span>\u00a0<\/span><\/strong><\/li>\n<\/ul>\n
        \n
        Check\u00a0<\/span>to\u00a0<\/span>see\u00a0<\/span>if\u00a0<\/span>there\u00a0<\/span>is\u00a0<\/span>anything\u00a0<\/span>that\u00a0<\/span>can\u00a0<\/span>be\u00a0<\/span>done\u00a0<\/span>to\u00a0<\/span>lower\u00a0<\/span>your\u00a0<\/span>inventory\u00a0<\/span>expenses<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
        \n
        without\u00a0<\/span>compromising\u00a0<\/span>the\u00a0<\/span>quality\u00a0<\/span>of\u00a0<\/span>the\u00a0<\/span>products\u00a0<\/span>provided\u00a0<\/span>or\u00a0<\/span>upsetting\u00a0<\/span>your\u00a0<\/span>clients.<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
        \n
        Perhaps\u00a0<\/span>you’re\u00a0<\/span>ordering\u00a0<\/span>too\u00a0<\/span>much\u00a0<\/span>of\u00a0<\/span>a\u00a0<\/span>certain\u00a0<\/span>item,\u00a0<\/span>or\u00a0<\/span>you\u00a0<\/span>can\u00a0<\/span>get\u00a0<\/span>it\u00a0<\/span>elsewhere\u00a0<\/span>for\u00a0<\/span>less<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
        \n
        money.\u00a0<\/span>You\u00a0<\/span>don’t\u00a0<\/span>have\u00a0<\/span>to\u00a0<\/span>continue\u00a0<\/span>doing\u00a0<\/span>things\u00a0<\/span>the\u00a0<\/span>same\u00a0<\/span>way\u00a0<\/span>just\u00a0<\/span>because\u00a0<\/span>you’ve<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
        \n
        always\u00a0<\/span>bought\u00a0<\/span>from\u00a0<\/span>the\u00a0<\/span>same\u00a0<\/span>vendor\u00a0<\/span>or\u00a0<\/span>carried\u00a0<\/span>out\u00a0<\/span>certain\u00a0<\/span>tasks,\u00a0<\/span>particularly\u00a0<\/span>if\u00a0<\/span>there\u00a0<\/span>are<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
        \n
        more\u00a0<\/span>cost-effective\u00a0<\/span>alternatives.<\/span><\/div>\n
        <\/div>\n
          \n
        • Pay\u00a0<\/span>attention\u00a0<\/span>to\u00a0<\/span>core\u00a0<\/span>competencies<\/span><\/strong>\u00a0<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n
          \n
          \n
          Small\u00a0<\/span>company\u00a0<\/span>owners\u00a0<\/span>often\u00a0<\/span>translate\u00a0<\/span>the\u00a0<\/span>word\u00a0<\/span>“diversification”\u00a0<\/span>into\u00a0<\/span>the\u00a0<\/span>word\u00a0<\/span>“different,”<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
          \n
          simplifying\u00a0<\/span>the\u00a0<\/span>notion.\u00a0<\/span>Diversification\u00a0<\/span>is\u00a0<\/span>more\u00a0<\/span>than\u00a0<\/span>just\u00a0<\/span>adding\u00a0<\/span>new\u00a0<\/span>goods\u00a0<\/span>or\u00a0<\/span>services\u00a0<\/span>to<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
          \n
          your\u00a0<\/span>current\u00a0<\/span>portfolio.\u00a0<\/span>It\u00a0<\/span>is,\u00a0<\/span>at\u00a0<\/span>best,\u00a0<\/span>a\u00a0<\/span>waste\u00a0<\/span>of\u00a0<\/span>time\u00a0<\/span>and\u00a0<\/span>resources.\u00a0<\/span>Even\u00a0<\/span>worse,\u00a0<\/span>it\u00a0<\/span>may<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
          \n
          harm\u00a0<\/span>your\u00a0<\/span>main\u00a0<\/span>business\u00a0<\/span>by\u00a0<\/span>diverting\u00a0<\/span>your\u00a0<\/span>time\u00a0<\/span>and\u00a0<\/span>resources\u00a0<\/span>from\u00a0<\/span>what\u00a0<\/span>you\u00a0<\/span>do\u00a0<\/span>best,<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
          \n
          harming\u00a0<\/span>your\u00a0<\/span>reputation\u00a0<\/span>and\u00a0<\/span>brand.<\/span><\/div>\n
            \n
          • Improving\u00a0<\/span>the\u00a0<\/span>client\u00a0<\/span>experience<\/strong><\/li>\n<\/ul>\n<\/div>\n<\/div>\n
            \n
            \n
            The\u00a0<\/span>last\u00a0<\/span>thing\u00a0<\/span>CEOs\u00a0<\/span>should\u00a0<\/span>want\u00a0<\/span>at\u00a0<\/span>a\u00a0<\/span>troubled\u00a0<\/span>time\u00a0<\/span>is\u00a0<\/span>for\u00a0<\/span>internal\u00a0<\/span>strife\u00a0<\/span>to\u00a0<\/span>begin\u00a0<\/span>affecting<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
            \n
            their\u00a0<\/span>clients\u00a0<\/span>and\u00a0<\/span>consumers.\u00a0<\/span>Companies\u00a0<\/span>must\u00a0<\/span>be\u00a0<\/span>motivated\u00a0<\/span>to\u00a0<\/span>take\u00a0<\/span>the\u00a0<\/span>opposite<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
            \n
            approach,\u00a0<\/span>offering\u00a0<\/span>a\u00a0<\/span>strong,\u00a0<\/span>if\u00a0<\/span>not\u00a0<\/span>faultless,\u00a0<\/span>client\u00a0<\/span>experience\u00a0<\/span>that\u00a0<\/span>hides\u00a0<\/span>any\u00a0<\/span>signs\u00a0<\/span>of<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
            \n
            potential\u00a0<\/span>internal\u00a0<\/span>problems.\u00a0<\/span>Customer\u00a0<\/span>service\u00a0<\/span>should\u00a0<\/span>always\u00a0<\/span>come\u00a0<\/span>first\u00a0<\/span>in\u00a0<\/span>this.<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
            \n
            Consistently\u00a0<\/span>talking\u00a0<\/span>with\u00a0<\/span>clients\u00a0<\/span>and\u00a0<\/span>consumers\u00a0<\/span>will\u00a0<\/span>ensure\u00a0<\/span>that\u00a0<\/span>their\u00a0<\/span>demands\u00a0<\/span>are<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
            \n
            understood\u00a0<\/span>and\u00a0<\/span>promptly\u00a0<\/span>met.<\/span><\/div>\n
              \n
            • Monitor\u00a0<\/span>your\u00a0<\/span>credit\u00a0<\/span>ratings<\/strong><\/li>\n<\/ul>\n
              \n
              Borrowing\u00a0<\/span>becomes\u00a0<\/span>more\u00a0<\/span>difficult\u00a0<\/span>during\u00a0<\/span>difficult\u00a0<\/span>times,\u00a0<\/span>and\u00a0<\/span>small\u00a0<\/span>company\u00a0<\/span>loans\u00a0<\/span>are<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
              \n
              often\u00a0<\/span>among\u00a0<\/span>the\u00a0<\/span>first\u00a0<\/span>to\u00a0<\/span>feel\u00a0<\/span>the\u00a0<\/span>pinch,\u00a0<\/span>especially\u00a0<\/span>for\u00a0<\/span>companies\u00a0<\/span>with\u00a0<\/span>questionable\u00a0<\/span>credit<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
              \n
              scores.\u00a0<\/span>Keep\u00a0<\/span>an\u00a0<\/span>eye\u00a0<\/span>on\u00a0<\/span>yours\u00a0<\/span>and\u00a0<\/span>monitor\u00a0<\/span>it\u00a0<\/span>often.\u00a0<\/span>If\u00a0<\/span>you\u00a0<\/span>also\u00a0<\/span>have\u00a0<\/span>strong\u00a0<\/span>personal<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
              \n
              credit,\u00a0<\/span>you’ll\u00a0<\/span>have\u00a0<\/span>a\u00a0<\/span>far\u00a0<\/span>higher\u00a0<\/span>chance\u00a0<\/span>of\u00a0<\/span>getting\u00a0<\/span>the\u00a0<\/span>loan\u00a0<\/span>you\u00a0<\/span>need\u00a0<\/span>to\u00a0<\/span>fund\u00a0<\/span>your\u00a0<\/span>company.<\/span><\/div>\n
              <\/div>\n
                \n
              • Finding\u00a0<\/span>fresh\u00a0<\/span>leadership\u00a0<\/span>candidates<\/span>\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n
                \n
                \n
                The\u00a0<\/span>identification\u00a0<\/span>of\u00a0<\/span>new\u00a0<\/span>prospective\u00a0<\/span>leaders\u00a0<\/span>inside\u00a0<\/span>your\u00a0<\/span>firm\u00a0<\/span>is\u00a0<\/span>a\u00a0<\/span>less\u00a0<\/span>often\u00a0<\/span>hailed\u00a0<\/span>move,<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                even\u00a0<\/span>though<\/span>\u00a0<\/span>it\u00a0<\/span>is\u00a0<\/span>always\u00a0<\/span>important\u00a0<\/span>to\u00a0<\/span>raise\u00a0<\/span>employee\u00a0<\/span>awareness\u00a0<\/span>and\u00a0<\/span>morale,\u00a0<\/span>especially<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                during\u00a0<\/span>an\u00a0<\/span>impending\u00a0<\/span>recession\u00a0<\/span>that\u00a0<\/span>may\u00a0<\/span>be\u00a0<\/span>severely\u00a0<\/span>impacting\u00a0<\/span>them\u00a0<\/span>in\u00a0<\/span>several\u00a0<\/span>ways.<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                Look\u00a0<\/span>for\u00a0<\/span>individuals\u00a0<\/span>that\u00a0<\/span>are\u00a0<\/span>assertive,\u00a0<\/span>outgoing,\u00a0<\/span>and\u00a0<\/span>consistently\u00a0<\/span>composed;\u00a0<\/span>people\u00a0<\/span>who<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                others\u00a0<\/span>can\u00a0<\/span>rely\u00a0<\/span>on\u00a0<\/span>for\u00a0<\/span>their\u00a0<\/span>unflappability\u00a0<\/span>when\u00a0<\/span>tensions\u00a0<\/span>are\u00a0<\/span>high\u00a0<\/span>and\u00a0<\/span>uncertainty<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                abounds.<\/span><\/div>\n
                \n
                \n
                <\/div>\n
                Nothing\u00a0<\/span>can\u00a0<\/span>make\u00a0<\/span>your\u00a0<\/span>company\u00a0<\/span>100%\u00a0<\/span>recession-proof,\u00a0<\/span>but<\/span>\u00a0<\/span>putting\u00a0<\/span>these\u00a0<\/span>strategies\u00a0<\/span>into\u00a0<\/span>place<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                might\u00a0<\/span>help\u00a0<\/span>guarantee\u00a0<\/span>that\u00a0<\/span>it\u00a0<\/span>survives\u00a0<\/span>difficult\u00a0<\/span>times\u00a0<\/span>and\u00a0<\/span>could\u00a0<\/span>even\u00a0<\/span>benefit\u00a0<\/span>from\u00a0<\/span>them.\u00a0<\/span>Analyzing<\/span>\u00a0<\/span><\/span><\/div>\n<\/div>\n
                \n
                your\u00a0<\/span>current\u00a0<\/span>methods\u00a0<\/span>and\u00a0<\/span>seeking\u00a0<\/span>out\u00a0<\/span>ways\u00a0<\/span>to\u00a0<\/span>enhance\u00a0<\/span>them\u00a0<\/span>is\u00a0<\/span>the\u00a0<\/span>first\u00a0<\/span>step\u00a0<\/span>in\u00a0<\/span>the\u00a0<\/span>process.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

                The COVID-19 epidemic generated a boom in entrepreneurs, and it doesn\u2019t seem to be abating. But many small firms are concerned that a recession might start as soon as this year owing to persistent inflation and world events<\/p>\n","protected":false},"author":1,"featured_media":9049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[25],"tags":[],"class_list":["post-4511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/posts\/4511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/comments?post=4511"}],"version-history":[{"count":1,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/posts\/4511\/revisions"}],"predecessor-version":[{"id":9053,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/posts\/4511\/revisions\/9053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/media\/9049"}],"wp:attachment":[{"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/media?parent=4511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/categories?post=4511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.omnetsolution.com\/mafoi\/wp-json\/wp\/v2\/tags?post=4511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}