January 22, 2019

From HomeAdvisor: How to Recession-Proof your Business

How to Recession-Proof your Business

When you listen to the news today, there’s a lot of talk about an impending recession or market crash. It’s enough to make anyone concerned about the future. But it’s especially daunting for business owners. And it’s a feeling that George Papaheraklis, Founder of FineCraft Contractors in Gaithersburg, Md. and author of Blueprints for the Residential Contractor, knows all too well.

“Most everyone knows about the big market downturn in 2008,” George says. “Unfortunately, I was completely unprepared. I didn’t see it coming and we almost went under. There’s a lot for other contractors to learn from my mistakes. There are procedures to put in place to safeguard your business from downturns.”