An economic boom is a jackpot for everyone, but as business markets mature, supply begins to exceed demand, companies expand too quickly, and individuals become greedy, both individuals and businesses are stretched too thin. At this point the slightlest market irregularity can throw the economy into a downward spiral overnight and everyone is left wondering what happened. Here's 8 tips for making the most of a down economy:

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I was at an entrepreneur seminar on campus last month, and Director Bill Howe was talking about how he owns an auto dealer consulting business. He went on to say that he helps auto dealers improve customer service and marketing. His business had a name, a logo, business card, and he was listed as President. The problem was that he was the only employee, and instead of owning a business, he was merely a freelance consultant.

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Working with a business partner is quite controversial. Many times this decision will make or break your business and I suggest you ponder this topic seriously before anyone starts a business. Here is the criteria that a co-founder must fit:

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