Due to the unstable economic situation, many enterprises are now in crisis. If it is not so strongly reflected in the large world companies, then the crisis brings to the representatives of small and medium business a lot of problems and difficulties. Many entrepreneurs panic, some even think about closing a business.
Of course, doing business in a crisis is not an easy thing, and here you have to be prudent, attentive and calculating. But putting an end to your enterprise ahead of time is not worth it. How to keep a small business in a crisis and always stay afloat – this is our advice further. Continue reading
1. Reinvest profits
When you earn a lot of money first, you might be tempted to spend it. Do not do that. Better put them in a business that seems profitable to you. I figured it out early, while still in high school. My friend and I bought a used pinball machine and installed it at the hairdresser. We did not spend the money we received, as ordinary teenagers would do in our place, but began to buy other automata. For 26 years I had been $ 174,000, which in today’s money is $ 1.4 million
2. Be ready to be different Continue reading
You have to love what you do – otherwise you will never succeed in life. If you love your work, you will work tirelessly, try to surpass your achievements and eventually become much more enjoy life. The most important moments on the road to success is to know your business and love what you do. This allows you to solve many complex problems.
Here is the very first paragraph from my first book, The Art of Making Deals: “I don’t do this for money. I have enough money – more than I can ever need. I do it for the sake of the case itself. Continue reading