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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. What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? What is a recession? Beef up your emergency fund.

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Here’s Why Your 2024 Corporate Workplace Strategy Needs Coworking

Allwork

Between 2010 and 2020, many forward-thinking companies embraced coworking as a site of work for some portion of their workforce. Using a simple coworking access tool like Deskpass, companies can offload expensive and underutilized real estate assets and provide places for their teams to meet up in person, in one move.

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How to Survive a Recession, According to a 91-Year-Old Business

Success

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.” Finally, as has been the case since 2020, another recession could lead to more small-business formation.