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Lessons From Past Recessions

Success

For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Beef up your emergency fund.

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How Big Corporations Are Cutting Their Energy Usage

Eco-Office Gals

In 2008, they created a program that is called the Climate Corps. Plus, being that the businesses involved are required to cover the interns’ salaries (traditionally, fellowships do have money involved) and travel expenses, as the EDF is showing them how to save their resources, they are not losing any of their own in the process.

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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

  Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.  You might have interest income, rental income, and investment income along with your business income or salary. For interest income, it is likely to be very little.

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Reducing Overheads Can Save A Business | THE SMALL BUSINESS BLOG

The Small Business Blog

Back in time I build my factory in China at nearly zero cost – steal building, low salaries and no debt, in depressed market this is the way to survive and succeed. The key is to realize that you don’t need those expensive things or waste energy to look like a proper business. Digg Furl Netscape Yahoo!

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The Art of Problem-Solving: 4 Creative Strategies to Tackle Your Biggest Obstacles

Success

You launched this side hustle in 2017 but recently left your salaried job to take this business seriously. . Adding pre-recorded content to our service lineup means passive, recurring revenue, with fewer expenses. Here, SpaceX has an obvious but complex problem: its expensive rockets aren’t making it safely to space.

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You Will Survive: 8 Strategies to Overcome New Entrepreneur Anxiety

Success

This panic arrives the moment we realize we’ve strayed too far from the paycheck mothership and feel compelled to run back to the salaried womb. Cut expenses to the bone. When the 2008 financial crisis hit, Tel Ganesan, founder of IT and software company Kyyba Inc., Congratulations! It feels awful, but it’s perfectly survivable.

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What Is Happiness and Why Is It Important?

Success

So although more money doesn’t necessarily make you happier (see the discussion of salaries below in “Happiness Roadblocks”), more happiness just might make you more money. And according to a 2008-2009 survey of 450,000 Americans led by Kahneman, personal well-being did increase as income increased—but only to a point.

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