Hard economic times provide excellent strategic opportunities for entrepreneurs who are willing to buck conventional wisdom. Here are five strategies to consider:

1. Spend More

Some great bargains are available now, for those who have the courage to nab them. Many assets are undervalued and can be acquired at discounted prices, be they inventory, fresh hires, office supplies or even real estate for future expansion. It is far more conducive to wealth creation to focus on increasing your production, rather than on slicing your expenses. Spend where your money will have the most impact...