The Council on Economic Competitiveness has a new report on how our economy can be more resilient in the face of economic, natural, and political crises. While the report is a very interesting read, I can offer the short version for entrepreneurial enterprises: cash is king. If you have a war chest of cash, you can weather almost any economic storm.
(via the National Dialogue on Entrepreneurship).
Dr Jeff Cornwall
Co-founder of The Entrepreneurial Mind, serial entrepreneur and professor of entrepreneurship.
Hey, that sounds like Dave Ramsey’s advice for individuals! 🙂