Sunday, March 8, 2009

Lessons from The Great Depression

Using Lessons From The Great Depression on


-Reinvest in your business, even when you think you don't need to. Don't let your business suffer by taking large paychecks or spending money foolishly.

-Stay flexible! Wear many hats and if you have employees, let their skills shine. Train your staff in multiple tasks. If ever you need to cutback, your staff will be more flexible and able to pitch in where you need them, thus not wasting valuable capital.

{Picture from Library of Congress here}

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