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Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. What is a recession?

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This Digital Nomad Couple Sold Everything to Travel the World in a Sailboat—Here’s What They’ve Learned About Life, Goal Setting and Relationships

Success

Ellison and Darsy purchased Polar Seal in March 2016, but they didn’t hit the waters full time until June 2018. Whether launching a new business, leaving a toxic job for your mental health or, say, selling everything to live on a boat, the final moments are those most riddled with self-doubt. These are five of those lessons.

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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). It also depends on the health of the economy, as banks are less willing to give out business loans during recessions. Why is that? What are the advantages of debt financing?

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Pauline Roussel CEO at Coworkies and Co-author of “Around The World in 250 Coworking Spaces” | Driving Collaboration: How Coworking Spaces Foster Connections in Work Communities

Allwork

Pauline Roussel [00:05:25] I think initially in 2020 when the Pandemic happened and everybody was wondering what the future would look like, coheriting seemed to be really threatened by the Pandemic and COVID and everything, but I think eventually looking at it now, it really propelled the industry forward.