Planning for Financial Stability in Varying Interest Rate Environments
July 23, 2024 | Last Updated on: October 17, 2024
July 23, 2024 | Last Updated on: October 17, 2024
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Interest rates can make the difference between your business growing or declining. When they’re high, they make the cost of borrowing money more expensive. When they’re low, they can stimulate growth by lowering the cost of investing in your business.
But interest rates aren’t always predictable, and in varying environments, it can be hard for small business owners to know how to plan for them. This article explains how businesses can use financial management strategies to stay stable during unpredictable interest rate changes and gives advice on adjusting financial practices to protect against these changes.
Key Takeaways
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