Is This The Right Time to Start a Business?
If you have been thinking about starting your own business, you might be nervous about the current economic climate. Is is really advisable to begin a business is the middle of a recession? Are there any industries that might actually be viable at this time?
It’s understandable if you disbelieve the financial pundits who declare that crises can bring tremendous possibilities for new businesses. Prospective entrepreneurs might think, “Easier said than done,” as they are encouraged to look for business opportunities that have been created by the recession.
With consumers cutting back on spending, large corporations laying off workers and governments facing economic hardships, how can it be feasible for a small operation to navigate these turbulent times and create a solid foundation for success?
Despite the challenges, it’s not impossible for a business to begin life in the middle of financial upheaval and become a thriving enterprise. In fact, Microsoft emerged in 1975 during an economic downturn and Walt Disney began his empire in the recession of 1923.
Our current crisis may just provide the perfect background for the birth of another mega business mogul!
Click HERE to read several considerations that can help you to be courageous and forge ahead with your business plans in these times:
(c) Cherryl Hanson Simpson
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