Learn how to network and work with people to duplicate results without stretching your resources. During the time of economic boom there will be plenty of opportunities and you will not have the time, resources or ability to take up every one of them. However, if you can get good friends or a network of safe people to work with you can dup;icate and add strength to each other. As a group people can take advantage or more oppurtunities than individuals can. You have heard the old adage, that threre is strength in numbers, well its true. If there are five of you who can work together to start there business with the finance person around you managing the finances of all three business, and three of you sell and one administrates the delivery of products and services, then each of you can join together to start three strong business instead of just one weak one. Another thing you can do, if you have contact and a network of influence and financial resouces, is to kick start people of character and a good work ethic into starting and working business for you. This way you can use money to multiply money and your resources of contact to supernaturally increases what you have, raher than sitting on a pile of cash that is doing nothing for you during a boom period.
Liquidate at the right time
Learn to liquidate at the right time by reading the signs, when governments start cutting expenditure, predict negative gowth rate, bring interest rates down dramatically and when government bonds suddenly raise their returns, these could be signs that a recession is coming. We must learn to read throught mirrors and smoke to understand what is actually happening with the economy and make our preparations. The last thing you want happening tou you is to be saddled with huge investments in the share market and other investments when everything is losing its value and on a downturn. If yyou convert your investments to cash before the market craches you ill have cash and resources to plunder before a recession.