The definition of a recession is two consecutive quarters of negative GDP growth. While the debate of whether we are currently in a recession, heading for a recession, or if we should redefine what a recession means rages on in the media and in Washington, D.C., business owners should be preparing for this very real possibility.
Since 1950, recessions have lasted between two and 18 months — a duration that can potentially put a significant amount of stress and strain on a business. Right now,…
