Recessions come and go. But just because recessions have a beginning and end, doesn’t mean that your business can weather the storm. Even if your revenue is strong, that doesn’t mean you’ll have the capital to hunker down until the downturn passes. Recessions are hard on the drilling industry, and while no one emerges from the fallout unscathed, there are ways to plan for the next recession (and it is coming!) and keep your head above water.
Follow these four tips to blunt the impact of a recession and help your business make it out the other end.