There’s an economic downturn coming. Signs show economic growth is cooling off, and it’s time to batten down the hatches of your small business and prepare for tough times ahead. If you are in a recession-proof business like beverage alcohol or a tattoo shop, you are going to do just fine. If you aren’t, it’s time to reevaluate your position. Economic Downturns Present Opportunities To Do Better It’s time to cast off all the extraneous business that doesn’t truly have to do with your company’s core competencies. Before the economy swings downward, focus on your strengths and market those. But there are plenty of other ways to remain competitive during an economic downturn. Franchises are a great way to ride out a coming economic storm. These businesses are built upon an existing support network, which means that you won’t have to worry about certain elements of your business alone. Fast casual restaurant chains are one type of franchise, … [Read more...] about Are Construction Service Businesses Recession-Proof?