Tuesday, December 14, 2010

bizjournals: Starting a Business : Business Advice

evittiebodum1296.blogspot.com
Companies that fail to plan for a down markeft get hit so quickly that they are forced to sell off valuablee assetsat fire-sale prices. We're not just talking abougt chairs here but valuableintellectual property, customert contracts and talented employees. The valuee of an asset is virtually nothing to a bankrupt company and the deal of a century to ahealthy one. Just ask any surviving banking institutionnright now. Take inventorhy of the assets your competition has and what you woulf be willing to do toacquire them. Like a bargainj shopper at a flea market, get aggressive and pillagre any and all assets you can get your hands on at therighg price.
The key to kicking butt in a down market is beinfg prepared andbeing patient. With the right this bear market could be the greatestopportunity you've ever had.

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