What should businesses be doing in the current economy? | Financial Lieracy Month | B2B Vault | Episode 155

Looking to improve your financial literacy? Tune in to our latest podcast episode, where we discuss all things money-related in honor of Financial Literacy Month. Listen now and level up your financial game!

In these uncertain times, businesses need to be nimble and adaptable to stay competitive. In this video, we share practical tips and strategies to help your business not just survive, but thrive in the current economy. Let's talk about what businesses should be doing in the current economy. We can take lessones from the downturn in 2008-2009. Cash is King! If you have good cash flow, start stock piling some of it away. When interest rates go up access to cash gets harder. If you need to borrow there is no time like the present. Credit cards - cut back on your credit limits. Where should you stash your cash? Many banks are actually paying interest in money market account, CDs, and Savings accounts, Even some of the investment banks like Chase and Charles Schwab are also paying interest, and some apps like RobinHood, Betterment and a few others.

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