Even though many small and medium-size business (SMB) owners have not gone back to “business as usual,” most (78%) are feeling more prepared for an uncertain future. Three lessons learned from those SMBs can help businesses not only bounce back but bounce forward.
The U.S. has experienced 10 recessions since 1950. Each historical recession/recovery cycle had unique components, such as inflation or oil shocks, yet each cycle had common characteristics such as monetary and fiscal stimulus. Historical recessions/recoveries cycles have taken several patterns, so the question is: what will this recovery look like?
