I was actually ahead of the curve and chose to spend the last couple of years getting out of debt and learning to never rely on credit. Last July was the first time I was completely out of debt since about 1985. I knew a recession was imminent because I didn’t know anyone (my millionaire friends included) who wasn’t buying everything on credit and/or receiving more credit based upon collateral purchased on credit. It was a house of cards.

I am selling $1000 suits, so what I had to do is find a target market that was not affected by the recession and then focus in on it. I went from big time executives with now empty pockets to south asian weddings with bottomless pits. My advice is simply to adapt quickly to the market condition.