Preparing for Economic Downturn: 4 Tips for Colorado Business Owners
Approaching the mid-way point of 2023, the economic downturn that many predicted would characterize Colorado’s economy this year hasn’t materialized. Despite uncertainty and rising interest rates, economic indicators appear to show a resilient market. But, there is a natural cycle of economic highs and lows that all business owners have to confront at times. As we approach the second half of the year, it’s a good time to examine your position and ensure you have some intentional strategies in place to avoid “survival mode” when a downturn does present itself.