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SayPro What steps can I take to prepare for possible economic disturbances in my industry?
In the event of possible economic disturbances in your industry, it’s important to take steps to prepare for the worst. Here are a few things to keep in mind: 1. Cut back on expenses: A downturn in the economy can lead to a decrease in business profits, which may necessitate cutting back on your expenses. This could mean economising on your food budget, slashing your out-of-pocket expenses, or even taking a pay cut. 2. Invest in assets that will benefit from a drop in value: When the markets start to tank, some people may opt to invest in assets that will experience less volatility, like gold or silver. By doing so, they’ll be able to maintain their wealth even in tumultuous times. 3. Stock up on nonperishable foods and water supplies: Make sure you have enough food and water stored away in case of protests or riots. This way, you’ll be able to survive until the situation improves. In addition, be sure to keep an eye on current events so that you’re updated on any changes that may affect your industry. 4. Stay up-to-date with current events: Keeping yourself informed is key when it comes to planning for potential disruptions in your industry. Be sure to regularly
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