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As business owners, uncertainty is one of our worst enemies. Of course, it is – after all, our business is our livelihood, and no one wants to see their livelihood jeopardized. Unfortunately, there are many factors outside of our control that can impact our business negatively, and one of the most significant is economic uncertainty.
I'm not an economist, and the last thing I want to do is strike fear or panic into the hearts of business owners. This is not a warning of the hard times ahead. But because the economy has such a significant impact on our businesses, it's important for us to be aware of the potential risks and take steps to protect our businesses and ourselves.
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