Is now the right time to start a new business?
Posted by Vijay on June 18, 2009
What???
Start a business during a recession?
I must be out of my mind.
Well maybe..but heres my logic.
If you have a good business plan and can afford to take the plunge, now is a great time to start. The recession is not going to last forever (these things are cyclical).
So if you do start your new business now and build it well, by the time the recession ends you will be ready for take off.
Look at the flip side of starting a business in “good times”. By the time you are ready for “take off”, the market will have tanked again.
Make sense??
DS said
Great! Looking forward to more posts. I enjoy your other blog too.
-DS
mp97303 said
Today is a fantastic time to start a business. I have found equipment suppliers to be most generous with discounts. I am averaging a 15% discount on all capital equipment, whether it be computer software or machinery.