What are some effective strategies for small business owners to manage cash flow and minimize financial risks during economic downturns?

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What are specific tactics that entrepreneurs operating startups in industries particularly vulnerable to economic fluctuations can employ to optimize their working capital management, mitigate potential losses, and enhance overall financial resilience amid recessionary pressures?

Asked in Business & Finance - 221 days ago

Tags: What some effective strategies small business owners manage cash flow minimize financial risks during economic downturns