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7 Ways to Recession-Proof Your Freelance Business
Can You Survive The Upcoming Recession As A Freelancer?
Rumor has it, we’re heading into a recession. Economist are torn between whether or not it will happen in 2020 or 2021, but either way, no one seems to disagree it’s going to happen.
For many millennials like myself, we’re still wearing our scars from the 2008 recession, but are starting to find our stride. Can we survive another recession?
Recessions are hard for everyone. But they are particularly nasty for freelancers.
For freelancers, work will decrease, and the competition will increase. People will lose their jobs and be forced to turn to freelance hungry for work.
Purse straps are going to tighten, budgets will be trimmed, jobs will be cut, projects will fall to the wayside. The client’s you’re depending on for your livelihood will become as allusive as Big Foot.
Whether or not a recession does come, one thing is true — what goes up, must come down. Eventually, there will be a downtime.
