How to Cushion Your Business Bank Account in an Uncertain Economy

Putting these practices in place can help your business weather the storm if economic disaster strikes.

A piggy bank sits in the rain under an umbrella.
(Image credit: Getty Images)

Looking forward to 2024, an uncertain economy has made many business leaders nervous. In the event of a recession, having cash reserves available and clamping down on expenses become top of mind.

Rather than cutting expenses willy-nilly or avoiding all risk, there are basic practices you can put in place now. Doing so can put your business in a good place to weather the storm on the off chance that economic disaster strikes.

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The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

Clay Bethune
Founder and CEO

Clay Bethune is the Founder and CEO at Fintech Finance Group, a firm that specializes in building companies in the fintech sector.