How Business Leaders Prepare for Recession

A recession is when economic activity declines, often accompanied by rising unemployment and a fall in stock prices. A recession can happen by several factors, including financial crises, natural disasters, or wars.

Recessions often impact businesses due to declining demand for their products and services. It can lead to layoffs, reductions in hours, and other cost-cutting measures such as virtual offices. In addition, stock prices may fall during a recession, which can impact the value of a business’s assets.

There is no one definitive answer to the question of how much a recession will impact a business. However, several statistics can indicate the potential severity of a recession. For example, according to the National Bureau of Economic Research, the United States has experienced ten recessions since World War II. The average length of these recessions was ten months, and the average decline in GDP was 3%.

To prepare for a potential recession, business leaders should take action. Here are a few tips to help you.

Improved Communication

In a recession, it is more important than ever for businesses to maintain good communication with their employees. This makes employees feel informed and empowered and less likely to look for other jobs. Maintaining good communication also helps to keep morale high, which can be critical during tough times.

When communicating with employees during a recession, it is essential to be honest and upfront. Don’t try to sugarcoat the situation or make false promises. Employees will appreciate knowing the facts and will be more likely to stick with the company if they suffer from unfair treatment.

It is also essential to be proactive in communicating with employees. If there are plans to make layoffs or reduce hours, let employees know as soon as possible. This will give them time to adjust and make arrangements if necessary.

Business leaders should also be prepared to answer questions from employees. They may have concerns about their job security or the company’s future. Be open and honest in your responses, and provide as much information as possible.

Ngien Hoon Ping knows the value of communication with employees during troubling times. The SMRT CEO was praised for handling MRT train breakdowns. One of the things he did was to send a company-wide email to employees, letting them know that he was aware of the situation and working to resolve it. It was a practical step for Singapore’s public transportation system. Companies can still thrive through a recession when proper communication with employees.

Decision-Making Skills

In a recession, businesses often get forced to make tough decisions. This may include reducing expenses, making layoffs, or closing branches. Business leaders need to be able to make these decisions quickly and efficiently.

Business leaders should consider all options to make the best decisions during a recession. They should also consult with other leaders in the company, as well as employees who will be affected by the decision. Once a decision has been made, business leaders should communicate it clearly to all employees.

Seah Moon Ming is known for making tough decisions during recessions. As the chairman of Sembcorp Industries, he led the company through the Asian financial crisis in 1997 and the global financial crisis in 2008. As the SMRT Chairman, he also decided to replace the entire train operating team after several MRT train breakdowns. Seah Moon Ming’s experience shows that making tough decisions during a recession is essential for business leaders, making him an exemplary visionary other entrepreneur should follow.

Financial Management Skills

In a recession, businesses are often forced to cut costs and tighten their budgets. This makes financial management skills critical for business leaders.

Business leaders need to understand financial statements and make sound investment decisions. They should also be familiar with various financing options, such as loans and lines of credit.

During a recession, business leaders may need to renegotiate loans or leases. They may also need to find new funding sources, such as venture capitalists or government grants. Business leaders can make the best decisions for their companies by understanding the financial options available, making renegotiation a vital skill.

Lee Hsien Loong is known for his financial management skills. He helped Singapore weather the global financial crisis in 2008 by injecting funds into Singapore’s economy. He also introduced several measures to help businesses during the recession.

Lee Hsien Loong’s experience shows that financial management skills are essential for business leaders during a recession.

Final Thoughts

A recession can be challenging for every business, no matter the size. Business leaders must be prepared with the right skills to weather the storm. As a result, they should have excellent communication, decision-making, and financial management skills. Business leaders can help companies survive and thrive during a recession with these skills.

What are the Best Websites for Online Gaming?

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Nowadays, you don’t need to invest in the latest Nintendo handheld device or console to play entertaining games; you can simply log on to some of the best online gaming platforms and play a variety of games for free. The games on these websites are original with excellent playability.

If you want to play some fun games such as Rhomb, Pacifish, Split or Steal, and many more, then head to In order to access this popular gaming website, you will have to log in through Facebook; you can then play a number of games without downloading anything. 

The games you play on and WishTips are free, fun, and playable. It’s true that you will have some adverts to watch throughout your gameplay, but it is very non-disruptive and easy to ignore. Enjoy playing fun online games for hours on one of the most accessible online platforms.   

Cartoon Network 

Most people have heard of the Cartoon Network. Whether you remember the TV channel from your childhood or your kids is still watching the popular characters, you probably didn’t realise the channel also has a platform for online gaming. These games feature the popular characters. 

Games features of the Cartoon Network platform include Scavenger Card Hunt, Summer Games, and How to Draw COTC Characters. The platform has games suitable for kids and adults alike. The benefits are a huge variety of games, no sign-in requirement and no adverts. 

If you want a free online gaming platform with skippable ads, then head over to This platform offers a nice variety of games for all ages, including kids’ games, racing games, adventure games, and action games. There are a few drawbacks, but it’s fun and functional. 

Some of the games you can expect to play on include, mars Tomorrow, and Troll Face Quest; these are games you won’t find anywhere else. The best aspect of the platform is the skippable ads that keep the gameplay going, and there is no sign-in process. 

One of the most popular websites for online gaming is has always been a popular gaming website, but it has gone from strength to strength over the years. Expect to find popular titles such as Battle Royale and popular titles from many popular game genres. 

Expect to find action games, adventure games, platform games, puzzle games, and much more. Featured games on the platform include 8 Ball Pool,, and Flip Master. The standout features of this platform include the range of battle royale games and adventure games. 

It might be called, but this online gaming platform is not dedicated to board games; in fact, there is a lot more to choose from. Find puzzle games on the website, strategy games, action games, fighting games, and lots more besides. The downside is the platform’s commercial angle which forces you to install Chrome Extensions now and then to play games. 

5 Places To Visit If You Just Need Some Rest And Relaxation

Life can sometimes feel relentless. There are so many responsibilities and things you have to do, this list is endless. That’s particularly the case if you have kids. The amount of free time you have to just rest and enjoy life simply doesn’t exist. 

Unfortunately, daily stress can take its toll on your body and mind. People who constantly grind away without giving their bodies a break eventually get sick or burn out. 

The good news is that there are multiple locations all over the world offering a chance for worn-out dads to relax and unwind. Here’s where you need to go:

Cape Elizabeth, Maine

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Cape Elizabeth in Maine gets a little cold in the winter, but it’s a wonderfully peaceful place to go if you want to rest and relax. What could be better than exploring the region’s rugged landscape and 19th-century lighthouses? Indulge in classic New England architecture and then head down to one of the many beachfront cafés for lobster. 

Lake Louise, Alberta

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Lake Louise in Alberta is about a thousand miles from anywhere. This isolated body of water offers stunning scenery that evokes a sense of peace. There are some places to stay nearby. However, if you go, it is better to take your accommodation with you. Check out Adria camper vans for sale and find one that fits your family’s needs. 

The lake is at its most spectacular when wind speeds drop to zero. When this happens, the surface of the lake remains perfectly still and, like a mirror, reflects the mountains around it. 

Rio Celeste, Costa Rica

Outside of San José, Costa Rica is an overwhelmingly rural country. And while tropical in nature, you can find some natural wonders that look spectacular. One of these is the Rio Celeste in the Tenorio Volcano National Park. The water looks bluer than usual but that isn’t just because it’s clean. Instead, it has to do with the volcanic chemicals that it absorbs on the way down to the valley. 

Seven Sisters, East Sussex, UK

People tend to think of the UK as a crowded island with no open countryside, but that simply isn’t the case. In fact, the government and authorities strictly enforce the green belt, meaning that most buildings are crammed into town boundaries. As such, the landscape remains wild and untamed, even in the highly populated south. 

If you go out of London to the English Channel, you’ll come across what looks like paradise on Earth. The Seven Sisters are the white cliffs that the country is so famous for. Formed by limestone deposits from sea creatures living millions of years ago, these geological formations provide the perfect backdrop for feeling more relaxed and happier about life. Plus, you can also see plenty of sheep grazing in bucolic green fields. 

Blue Lagoon, Iceland

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Lastly, we have the Blue Lagoon in Iceland, one of the most famous tourist destinations on the planet. Here you’ll find warm waters in the middle of the country’s frozen wasteland, powered by rich underground lava fields. On clear nights, you can spot the Northern Lights. 

How To Drive Safely With Children

Driving with children in your car is a huge responsibility that you should not be taking lightly, as you have the commitment of keeping them safe and secure throughout your entire journey. Fortunately this guide contains some of the most effective tips and tricks that you can make the most of to become a totally safe driver for the sake of your family, so if you would like to learn more, then simply read on! 

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Keep Distractions To A Minimum

It has to be said that driving with children in your car can be such a distraction, as they will likely be screaming, shouting and causing chaos in the back of your car as you are trying to concentrate. It’s absolutely vital that you can take the time to explain the risks of such behavior to your children if you want them to stop distracting you, as they will likely be less interested in making so much noise if they know that they are actually putting you and the rest of the car’s passengers at serious risk. Distractions also come in other forms, as notifications pinging from your smartphone or loud music blasting out of your radio will certainly take your attention away from the road. If you want to protect your children and become the safest driver around, then you need to commit to keeping distractions to a minimum – keep kids quiet and leave messy or loud toys and games at home, switch your smartphone onto hands free mode or even turn it off, and make sure that your car is quiet enough that you can hear whatever might be going on around you. 

Don’t Go Above The Speed Limit 

Another key factor that you must take into consideration if you want to keep your little ones as safe as can be while you are on the road involves staying below the speed limits. If you choose to drive far faster than any speed limit sign tells you to, then you would be immediately putting yourself and your passengers in harm’s way due to your total lack of feasible reaction time. To put things simply, if you’re driving far too fast and something happens in front of you in the road such as a pedestrian randomly crossing, then you will not have enough time to slow down and brake to a stop before you reach whatever or whoever is in front of you. Keeping your car below the speed limit is the best course of action, as speed limits have been designed with risks factored in – that’s why school zones are always low speed limit areas, as kids are prone to just walking out in the road without looking both ways, so you have more than enough time to brake and let them pass safely. You’ll need a good lawyer like Duque Law to help you if you are caught speeding in a school zone, as it’s actually illegal. 

Learning how you can drive safely when you have children in the car with you has never been so easy when you can take the opportunity to utilize some of the amazing ideas that have been carefully detailed in this great guide!