In the cycle of economic development, you shouldn’t be satisfied with only one product.
Some people say: “I produce a product, and I would like to sell the same product for 30 years!”
No company in the world has succeeded by producing only one product. Let me make it very clear and simple to you, if you produce only one product, sooner or later you will go bankrupt!
In the cycle of economic development, you should have short-term and long-term investments.
During a crisis and economic stagnation, it is necessary to secure your liquidity in advance; it is very important to focus on liquidity, but it is important to always have a long-term view.
In ancient times, there was a proverb in popular culture that said: “He who has cash in times of crisis is the king.” But I tell you that this game has changed today and has taken a new form. You must have a part of your assets in cash, to carry out your own business; but know that Satan is the one who earns more profit and has more business relationships.
It is very important to know that the game in the business world has its own rules and longevity; so please don’t paralyze your business by acting on Rotten and old thoughts!