Small businesses are facing another potential recession, with experts predicting a tough ride ahead due to inflation and rising costs. To survive, businesses must scrutinize their finances, prioritize spending, and make tough decisions. Contract work is expected to grow as contractors fill gaps in the workforce, and businesses may need to rely on fractional leaders or part-time CFOs to navigate financial uncertainty. With rising wages and prices, businesses must differentiate themselves to stand out, hosting special events and creating incentives to attract customers. Despite the challenges, experts believe that with the right mindset and preparation, small businesses can continue to thrive and even accelerate their growth.