Jeff Cornwall, ever worried about the possibility of a greater economic down turn, gave good advice in his Blog today. Whether you agree that the recession is going to get worse before it gets better, Jeff's advice stands. Take a look. If things go further into the tank and you do what he suggests, you'll be better off. If things start to improve, you'll be sitting pretty. Either way, you win! Here's what Jeff had to say:
I remain somewhat concerned about the current slow down and/or recession. I remain very concerned about inflation. If you are an entrepreneurs, it is time to prepare for the worst. Here is a summary of a talk I gave to a group of printing company owners yesterday.
To get prepared for any economic downturn, it is best to think in terms of getting your financial statements in order.First let's look at...
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