World markets tumble as inverted yield curve signals a recession.

Prepare for recession by eliminating the habit of spending and living off bad debt.

Keep an emergency savings cash buffer of at least six moths worth of outgoings.

If you’re starting a new business, I would advise againts renting a shop in the High Street or signing leases for offices. If you must have an office, rent one of the many serviced offices, like Regus or We-Work, with a flexible short-term contract. The rent will be a little higher than a basic office room, but they provide you with telephone lines, answering service, photocopiers, printers, coffee machines, meeting rooms, cleaners and so on. The other advantage of a professional serviced office is that you will immediately look more credible and established.

You can also work from home while using an office accommodation address and answering service.