I was lucky one of my main customers called me out to his office to have lunch. He said I need to think about scaling down or getting out of the game for a while. I was shocked when he said we are heading for a big recession a year before things fell apart. He told me to look around and see what’s happening right in front of me. I told him yeah things are like crazy expensive but the banks are handing out money for it. He said when the money is unexplainable for long periods of time a correction is coming but when everyone is part of the con a recession is coming.
He gave me time to prepare and when the bottom fell out I was all CASH. I collected from all my late accounts, I sold off furniture and even got out of a lease by getting someone else to takeover mine. Now why did I listen to him???? Why not prepare for something that makes me trim the fat and be liquid!