If you're like me, hearing daily reports of the falling stock market, the sub-prime mortgage lending crisis, economic bailouts and failing banks is starting to get a little old--okay, really old. Ready to look at the bright side? According to Thomas Nelson President and CEO Michael Hyatt's latest blog post, a recession isn't all that bad.
Here's why: A recession thins out the competition, makes entrepreneurs more creative and makes you less wasteful, among other things. Read on for more reasons why an economic slump isn't the end of the world for small business owners.
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