Right now we are bombarded daily with companies going bankrupt, no one is hiring and people are losing their jobs. My advice: start a business. Yes, this is contrary to traditional thinking but truth is a lot of great successful businesses where started during a recession. Here are some examples.
* 16 of the 30 corporations that make up the Dow Jones industrial average got their starts during recessions.
* Disney began during the recession of 1923-24.
* Hewlett-Packard was begun during the Great Depression (in 1938).
* Microsoft began during the 1975 recession.*
Of course this isn’t sufficient reason for you to go start a business so here are a few: ![]()
1. Job Security? No such thing anymore. Truth is the only way to have some sense of security is to own your own business because in a company everyone is dispensable. There is no guarantee as a business owner but if you have a strong business plan, a solid product/service the benefits outweigh the risks.
2. New Opportunities . You no longer need to have a location to have a business. The web provides an array of opportunities for entrepreneurs as a result funding for online businesses will be much lower then businesses that require a location. Don’t feel discouraged if you do. A strong business plan is key.
3. Things are cheaper. There are deals everywhere so that means that you can get everything you need to start your business for less, minimizing expenses. Investing with minimal expenses allows you to get to profitability faster!
4. Power Team (Now available) . Since everyone is getting laid off it’s a good time to capture those talented individuals and (after some evaluation) you might consider making them your co-founder. Lets face it a lot of talented people are currently out of work and there knowledge could be the final touch to make your plan perfect.
5. Take RISKS. It’s scary but the time to take the leap is now. In today’s economy taking risks is more important that stability. Taking risks will allow you to see profit. You need to secure your future and the future of your family.
The fact is that for many the fall to the bottom isn’t that far so “Why not?”
*http://bit.ly/3u9pep