I came across an article on small businesses and the fear of a recession at the US News & World Report website today. In short, apparently small business owners in the US are concerned about a potential economic downturn. Are you worried? I’m not.

My case is certainly different than other small business owners. I don’t run a little brick and mortar shop, or a service-oriented business for local clients. I offer services through a Web-centric business to clients all over the world. Because of that, I’m not really concerned about a recession. The weak dollar has brought me a significant increase in international business over the last few months, and if anything, hiring an independent contractor is more likely during a recession locally (it’s cheaper to lay off a full-time employee and bring in freelancers). In my case, I run my PR firm which is benefiting from the weak dollar, and I’m a freelance  business writer on the side, giving me two attractive options to ride out the economic turns.

How do you anticipate a recession affecting your business? Will it be good for you? Do you worry that you won’t be able to stay in business if it gets bad enough? Share your thoughts on how these pending economic swings will affect small business owners in your industry.

Related posts:

1. The Election, the Economy, and Entrepreneurs
2. Postal Rate Increases and Effects on Small Business
3. Small Business Confidence Increases in the US
4. Inflation Number One Business Problem for Small Business Owners
5. Will the Sluggish Economy Drive You Back to the 9-5?

Tags: economy, Entrepreneurs, freelance, recession

This entry was posted on Monday, March 10th, 2008 at 5:21 pm and is filed under Management. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.