Benefit from Boom and BustHow to profit in a fluctuating economy.

正如我写的,经济是强大的。然而,正如我们所有人know, everyboom is followed by a bust. Every up cycle is followed by a downcycle. So when things are good, that's the time to prepare forwhen things will be bad.

Over the years, I've seen entrepreneurs make three mistakesduring boom-and-bust cycles. The first mistake is made when timesare good: Entrepreneurs begin to spend. With increased confidence,they expand their businesses, hire more people, buy bigger houses,lease new cars or have more kids.