Settle yourself within this attitude. Adopt a way of thinking that can deal with changeable situations and make it the axis of your future actions when deeded.

Business owners should be prepared to expect the unexpected. If in the future you may face waves of unforeseeable issues, you may be put in a position to act fast and precisely, including here economic downturn. Though, time and actions may be limited too. Thus, adopting a mindset that predicts future and prepares strategies will help you to have solutions ready to implement. [read more in problem-solving article]

The best way to prepare for the worst is to keep a cache of funds at the ready in case business goes tight. This is as same as your personal finance; you should try the best to not spend what you don’t have. We and other business coaching experts would suggest having this fund as backup worth around 6 months of your business expenses. When, if, times come this will help your business to keep floating and give you some breathing room while you figure out what to do next.