And, according to the Capital One Small Business Growth Index (Fall 2019), 85% of small business owners say their business would be impacted if the economy entered a recession in the next six months, yet only 32% say they feel fully prepared for a potential recession. So given that it is a matter of when—not if—a recession is coming, what are small business owners to do now? © Gajus - Adobe StockRosenblum encourages business owners to “uplevel” in the following key areas:Clarify your messaging. While you’re at it, get a business credit card if you’ve been relying on personal credit. Many business credit cards don’t report activity to the cardholder’s credit reports (except in the event of default) and also help business credit.

Source: Forbes March 16, 2020 15:22 UTC