Recession-Proof Your Clients

Published Sunday, June 01, 2008

Small-business owners are well aware of today's harsh economic realities. How could they not be? Some companies — especially those in real estate and construction — are already feeling the pinch of a slowing economy and rising energy and gas costs. Still, most entrepreneurs are optimistic about their ability to weather the storm. That could be a dangerous attitude to take. Studies indicate that many small-business owners do not have a contingency plan for tough times. This is an area where financial advisors can help. Stash Some Cash Most small-business owners can be characterized as “empire builders,” says ...

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