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Are you an entrepreneur or small business owner wondering how to survive a bad economy? Look no further than the advice of Vic Keller, a serial entrepreneur and private equity expert. In a recent episode of the Rich Dad Radio Show, Keller shared his insights on how to prepare for and navigate difficult times.
One key takeaway? Be both a pessimist and an optimist. While it’s important to be realistic about the challenges ahead, it’s equally crucial to seize opportunities when they arise. Keller also stressed the importance of focusing on efficiency and protecting margins, as well as retaining and serving your customers through increased marketing and promotion.
But perhaps the most important factor in building a successful business? People. Keller emphasized the need for a talented and passionate team, and advised entrepreneurs to surround themselves with tenacious, ferocious learners who understand the economy. He also stressed the importance of treating employees as partners, rather than just employees.
So, whether you’re just starting out or trying to weather a storm, remember these key lessons: be adaptable, customer-focused, and efficient; stay true to your principles and mission; and surround yourself with the right people. And don’t forget to stay legal, ethical, and moral in your business practices. With these tips in mind, you’ll be better equipped to survive and thrive in tough times.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
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Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.