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Friday, July 06, 2012

How successful businesses survive boom to bust cycles

 In the midst of one of the worst economic recessions in history, I find myself reflecting on sage advice from a mentor of mine, Ed Carson. He advocated that business owners should always expect and prepare for economic hardships due to Arizona’s boom to bust to boom cycles. Uncertainty, he said, was the only certain thing businesses could count on…There are other strategic moves to beat the odds that successful businesses have consistently made to weather Arizona’s recessions. Here are some of the best strategies I have observed during my more than 20-year banking career in Arizona…

Read the entire article here.

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