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Starting a business is a courageous venture filled with dreams, risks, and the promise of innovation. Yet, even with a solid business plan and a great product, unforeseen challenges can arise, and one of the most daunting is an economic downturn. Economic recessions can significantly impact consumer spending, investor confidence, and overall market conditions, making it harder for startups to sustain and grow.
In this guide, we’ll delve into how economic downturns can affect your startup and offer practical strategies to navigate these challenges. Read more…
https://blog.40billion.com/2024/08/27/what-to-do-when-economic-downturns-threaten-your-startups-survival/
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