WHAT TO DO IF… the recession shows up late for dinner
You know the recession we dodged last year? Well, some experts think it may just be tardy. Matt Higgins, an executive fellow at Harvard Business School and cofounder of RSE Ventures, believes all that boisterous consumer spending was propped up on “the contrails of federal stimulus money from the pandemic”—and it’s about to run out. At the very least, many researchers forecast a slowdown.
If you’ll need funding this year, Higgins suggests raising it now, even with unfavorable terms—because they may only get worse in six months. It’s also an essential time to be building for profitability, says “What is wrong with growing 10% a year? You’re in control of your destiny.”
