Business Quote by Mark Victor Hansen
“Even in the worst depression, 25% of businesses are booming - in your industry find out what they’re doing and do it.”
About This Quote
Source Book: The Success Principles by Jack Canfield and Mark Victor Hansen, 2005
Even in downturns, a quarter of firms thrive; study and emulate their strategies
In simple terms: Some businesses succeed in bad times; copy their tactics
Key Takeaway
Identify thriving peers and adopt their best practices
Themes
business
resilience
strategy
Mood
motivational
practical
Type
business
self-help
When to use this quote
- entrepreneurship
- industry research
- case studies
Key Concepts
market analysis
best practices
competition
Practical Applications
- Success may depend on unique resources not easily replicated
Questions to Reflect On
- How can you adapt successful tactics to your own context?
A Different Perspective
What factors enable certain businesses to prosper during recessions?
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)