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Impending Recession Or Not, Use These Professional Tips To Prepare For Financial Turbulence

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The onset of the 2020 pandemic triggered what seemed like a brief yet severe recession. Think about employment security: Workers should focus on excelling in their current roles and maintaining strong professional networks. This can increase job security and open up new opportunities if they need to change jobs.

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Entrepreneur Jason Tartick on Making the Most of Unexpected Opportunities

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In 2020, when the market crashed, Tartick polled his followers, asking them to define in three sentences the S&P 500. He used social media to beta test this new hybrid model. Over 250,000 people responded to it, and 91% of them said they couldn’t do it….

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How To Hire And Manage Freelancers, According To Experts

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In a survey published in 2020’s “ Building the On-Demand Workforce ” report from the Harvard Business School and Boston Consulting Group (BCG), 60% of business leaders said they expected to increasingly “rent” “borrow” or “share” talent with other companies. In 2020, more than a third of Americans freelanced — up 22% from 2019, CNBC reports.

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Lessons From Past Recessions

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The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

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How to Stay Motivated While Job Hunting During the Holidays This Year

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For example, a degree in accounting (aka your “financial acumen”) makes you a valuable asset to any company’s finance department. You’ll always need to be updating your résumé and scanning your network for opportunities. This article was published in December 2020 and has been updated. See chaos as a ladder.

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Hello Alice Co-founders Carolyn Rodz and Elizabeth Gore Are Fueling the Small Business Ecosystem

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That’s why Carolyn Rodz and Elizabeth Gore drew inspiration from the classic book when launching Hello Alice, a small business platform that connects entrepreneurs with financing opportunities and facilitates a supportive, like-minded community. I don’t like saying we were right because we didn’t know all that was coming,” Gore says.

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How to Survive a Recession, According to a 91-Year-Old Business

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It was one of the hardest things that I had to do in my career,” Hustead says, adding that all furloughed employees were able to return to work by June 2020. Review finances regularly While customers returned to Wall Drug fairly quickly after those COVID-era shutdowns, other challenges persist.