I lost my small business in the Great Recession but I learned how to prepare for the next one

I lost my small business in the Great Recession but I learned how to prepare for the next one

Micah Young | E+ | Getty Images

If your company was open for business in 2008, then you undoubtedly remember the Great Recession. For small business owners, especially companies with less than $5 million in revenue, the effects of America’s last major downturn were nothing less than devastating. Bankruptcies rose 74% in 2009 with over one million cases filed in federal courts that year.…

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