What does all this mean for small and medium-sized businesses?
* If, as a small or medium-sized business, you’re heavily invested in oil-related industries, now is a good time to diversify your portfolio.
* Consumer and business prices for oil-related products aren’t determined by the base price of a barrel of oil. There are other costs involved, including refining, distribution, packaging, etc. While slightly lower prices are likely, you shouldn’t count on pumping stations offering petrol for free just yet.
* Taxpayer-Backed Loans for SMBs Went to the Fossil Fuel Industry
Conclusion
Good financial management is essential to small and medium businesses. Many companies will shut down as a result of what’s happened over the last few months. And an even greater number will struggle to get back on their feet. That's why it's important to cut costs with no upfront fees at BusinessRefund.com
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