... Preference should be given to companies with existing assets, clientele, etc. A skilled manager can elevate the company to a new level, restore its profitability, and return the owner’s investments. Furthermore, experienced entrepreneurs often pivot their businesses during a crisis. For instance, products related to food, essential goods, legal services, restaurants, staffing agencies, various training courses, etc., are in high demand. During economic downturns, individuals tend to minimize their spending. It is crucial to offer necessary products at a lower price than competitors. One must remember ...

... borrowing. Limited Opportunities for Investment and Savings Continuous reliance on credit hampers millennials from building capital and establishing long-term financial strategies. A high debt level reduces the chances of purchasing real estate, starting a business, and creating savings. Real-Life Examples Case Study: An Expensive Hobby Leading to Bankruptcy Jessica, a 32-year-old marketer from Los Angeles, was accustomed to living an active lifestyle, dining at expensive restaurants, purchasing designer clothing, and traveling. All these expenses were covered by her credit cards and BNPL services. After five years, her debt reached $25,000, and high interest rates made it impossible to pay off on time. As a result, she ...

... are designed to solve specific problems. Through these services, users can: Find the nearest establishment, whether it be a restaurant, beauty salon, dry cleaner, etc. Purchase products and arrange for delivery, tackling both tasks simultaneously. Make ... ... applications and numerous platforms where users can watch interesting videos, read information, and more. Advertising Every business requires quality advertising, and products sold online are no exception. Social and search networks invest significant ...

... companies involved in: manufacturing consumer goods; pharmaceuticals; alcoholic beverages; tobacco products; utility companies; restaurants; telecommunication companies and internet service providers. Such firms are largely insulated from bankruptcy risks ... ... that mine precious metals, as the demand for gold tends to rise during crises, thereby increasing the share prices of these businesses. Securities in this category lose value very slowly, and the same can be said for their price appreciation. Sudden ...