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Cake day: November 19th, 2023

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  • Many of these “business geniuses” do the following:

    • buy struggling business cheap
    • reduce expenses (biggest expense is always salaries, so fire a lot of people)
    • on paper, the business is making money (while the rest of the staff frantically try to survive without enough manpower and with a lot of loss on knowledge and experience)
    • sell doomed business before it collapses (remember: on paper, it looks healthy)