Many small business firms have never experienced a recession during the last 10 years. Your profits and sales dollars respond accordingly. No one is buying. Not in the mood. Many of us take the WAIT and SEE train.
Layoffs become rampant.
Thousands lose their jobs. You may even have to reduce your staff. Payroll is an issue. All of us in TOP jobs carry real people burdens. Stockholders today have a 90 day mentality.