Here's what a 2023 recession could mean for entrepreneurs and how they can prepare

Dec 8 2022 by Business Insider

 
Business owners can prepare now for a 2023 recession.

JGI Jamie Grill/ Getty Images

If we're heading into a recession, entrepreneurs will have to prepare their businesses now. Sales could slump, budgets may tighten, and securing capital could become a lot harder. Founders can audit their finances and find creative ways to make sales to combat these challenges.

A recession in 2023 is probable. JPMorgan reported in November that the US economy will likely slow down, despite the Federal Reserve's...

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