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Pass or Fail?

2001 was a fickle beast, reserving a different attitude for each business that faced it, but whether it was a banner year or a bust, it did share its wisdom-and we're here to pass those lessons on.

This story appears in the December 2001 issue of Entrepreneur. Subscribe »

Any idiot can make money in a boom economy. It takes savvy, quick thinking and a bit of luck to prosper in a down market.

Business had been harrowing before terrorists struck the World Trade Center and the Pentagon in September. It has become even more difficult in the months since. We may not fully understand the economic impact of these attacks for years to come.

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