Opinions expressed by Entrepreneur contributors are their own. Key Takeaways The entrepreneurs who survive recessions are the ones who prepared before the storm arrived. They also treat financial resilience as an ongoing practice. Assess your current financial health, build a recession-ready budget, and diversify revenue streams. Strengthen relationships with creditors and vendors, optimize your business for efficiency, plan for contingencies, and leverage external financial resources. The word “recession” triggers a specific kind of fear. It brings me back to when a business I had poured everything into lost everything because of an economic downturn . It was incredibly painful. I’ve learned a valuable lesson, though: The entrepreneurs who survive aren’t always the ones with the most capital. They’re the ones who prepared before the storm arrived.…