The document discusses economic recessions and ways for companies to navigate through them. It defines a recession as two consecutive quarters of declining GDP growth. Recessions are principally caused by declines in consumer spending and aggregate demand due to factors like high interest rates, falling housing prices, and rising unemployment. Small and medium businesses are particularly vulnerable during recessions due to limited cash reserves and access to credit. The document recommends strategic, financial, and operational interventions for companies to recession-proof their business, such as conserving cash, cost cutting, and diversifying markets. Resilient companies that are better equipped to manage recessions act early, focus on long-term competitiveness over short-term solvency, and maintain a balanced yet divers