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Recessions are inevitable. If you’re a small business owner, it’s important to plan for them accordingly. One way to do so is to choose a recession-resistant business idea. Here’s why ...
During a recession, consumers and businesses have to get creative to get what they need at the best price. This can mean paying less for goods and services or getting just what they need and no more.
Key takeaways. Starting a small business has many advantages, like making your own schedule, turning your passion into a lucrative career and solving problems in your community
advantages of establishing small-scale cottage industries in Pakistan. Cottage and small-scale industries are labor-intensive and provide employment to 80% of the industrial labor force. This reduces the unemployment and offers opportunities for self-employment. Traditionally, women are not encouraged to work outside their homes.
Two years ago, many industries struggled because of the COVID-19 pandemic, with retail, restaurant, travel and leisure sectors, in particular, hit hard as millions of Americans were laid off and ...
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
SMEDA was established in October 1998 for encouraging and facilitating the development and growth of small and medium enterprises in the country. [3] SMEDA is not only an SME policy-advisory body for the government of Pakistan but also facilitates other stakeholders in addressing their SME development agendas.
With many signs indicating the United States economy has entered into a technical recession, small-business owners must take swift action to make their companies recession resilient. Follow these...