Advice From An Entrepreneur - Page 2

When she saw I was determined to do it anyway, she gave me this advice. Advice that I will always remember and follow.

When times are good, you can feast all you want on lobster. When times are bad, you may only be able to afford plain rice and salt.

She went on to explain that in the eighties, business was booming. Everyone made plenty of money in the costume jewelry manufacturing industry. She was a wholesaler. So was her neighbour, the store beside her. Those were the good old days.

Things changed drastically since then. The cost of production here has gone up dramatically. Now, she can barely make enough to break even. Her neighbour had it worse. Former neighbour actually. He couldn't even pay the rent.

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