How to Survive a Recession, According to a 91-Year-Old Business
Success
JULY 20, 2023
The key to staying in business and being profitable, Hustead notes, requires regularly monitoring your overhead, labor, inventory expenses and revenue: “If you run out of money and go broke, you’re out of business.” Don’t wait for the bad event to occur, LaMonaca urges. Still, the total headcount for the business was lower.
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