This financial crisis. I have learned something.
You know Italy. This country is quite modern devellop for some part,
But not that rich. They still have plenty of industry in the north.
And that's the only one "devellop" country during this financial crisis that was not hit.
They didn't suffer any lost or bankrupthy.
For two reasons.
They never borrow money.
They don't use finance thinks. They hate the finance things.
It's not one of their habit.
I have read, People their run often familly companies.
For example they run a 50 employees comany. without borrowing money.
If the company makes profit, then they save money.
And only when they have this money saving in the bank, then they invest in new machinery and hire 10 more employees.
They make it step by step. They hates the finance their. They think it's a shame to own money to a bank.
Country tradition. I m not Italian.
But it's avoid a lot of trouble to make it step by step,
It's avoid a lot of trouble to have savings and to not feed a parasite bank.
And their is something else i want to say :
Like two kind of buisiness exist on earth.
The one very usefull for the society. Building houses, producing real vegetable and fruits, running a good music school, being the one that build parts of pretty motorbikes and so on, running a sport club and so on.
The one not that usefull for the society. People who over marketing products, like a yoghurt cost 50 cents and the marketing people try to sell it to the population 2 dollars, some civil servants are hard wokers, others kind of just chat the whole day, selling medicines that are placebos in fact, real estates agencies who rent like two times higher as the market prices.
The one who run a buisiness usefull for the people will have more chance in buisiness.
We must always think : do i sell something usefull for people? And do i sell at the good price? Me and my customer are we both happy with this deal?