Schweiger Vineyards in USA TODAY
Check out what Fred Schweiger had to say about the recession of the early 80’s and how he was able to open a new door for his future.
By David J. Lynch, USA TODAY
New doors open
Amid the hard times of the early 1980s, some people carved opportunity from adversity.
In California, a general contractor named Fred Schweiger saw his business idled by punishingly high interest rates. To keep his crew together, he used his savings to pay them to clear 35 acres of wooded hillside in Napa County. His third try for a loan to start a vineyard there was approved, and almost 30 years later, Schweiger Vineyards in St. Helena, Calif., ships 5,000 cases of wine each year.
The early 1980s, Schweiger, 67, says today, “became a situation where something bad turned good.”
Likewise, the recession pushed civil engineer Dave Holman to take a chance on working overseas after the Escondido, Calif., firm he worked for cut his salary by one-third.
To read the entire article go to the link below:
http://www.usatoday.com/money/economy/2010-01-06-recession-scars-will-take-long-time-to-heal_N.htm
