Amidst the economic uncertainty of 2023, planning for the future is more important—and more challenging—than ever. According to a recent, 78 percent of small business owners expect that a potential recession would impact their business, potentially forcing them to raise prices, slow hiring plans and reduce spending.
Son encourages all entrepreneurs to focus on the elements of business ownership within their control, particularly in a tough economic climate. There will always be headwinds that business owners need to weather rather than fix, but sometimes there are simple solutions to the challenges impacting their operations.
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