So what is next?
Analyze your geographical area.
Diverse economy?
Non-diverse economy?
Heavy with tourism? Heavy with manufacturing? Heavy with healthcare?
Stable area or area in transition?
This helps you to determine the risk level to your business should a recession develop.
Higher the risk, the more urgent the preparations.
The Trump tariff wars are off again, on again, partially on again, somewhat modified and tomorrow will likely change again. Best to anticipate the worst and hope for the best.
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