Should you ever start a business during a recession?
Oh yeah, you should!
Lots of well known, successful businesses were launched during a downturn in the economy.
General Electric, General Motors, IBM, Disney and Microsoft just to name a few.
You’d be in great company if you started a business right now.
So why take the risk? Here are my top reasons to go for it-
What Have You Got to Lose?
Maybe you’ve lost your job, maybe you’re in a age group where it’s going to be tough to land another job. Use your past talents, skills and knowledge to venture out on your own…as I often tell myself when you don’t have money coming in, what have you got to lose? You can always continue to look for work while you’re setting up your business.
Others Won’t Think It’s the Right Time
Most people think recessions are the worst time to think about a new business so the competition won’t be so fierce. You’ll be set up and ready to make big money once a recession ends while the rest of the crowd will be taking that first step.
You’re Able to Brainstorm Needs
Are the sort of person who can sit down and think about what people need right now? For example, some people are thinking about homeschooling their children. Are you a teacher who might be able to offer online classes or even coach parents on lesson planning?
You’re Able to See the Future
I don’t mean this one in a literal sense but if you’re one of those people (the best entrepreneurs are), who can look ahead five or ten years and figure out how we’re going to live, what we’re going to need, etc. then you can come up with something that’s going to last, even during another recession. Something or some service that’s going to serve people well into the future.
Go For It Attitude
If you have that go for it and no one can tell me no attitude, then any idea you come up with is going to work.
Don’t forget that Angela is offering her free webinar today August 6th at 3pm ET “Turn Your Skills into a Laptop Lifestyle”
I think you’ll find it a great resource for brainstorming ideas to start your business.
Here’s the link
In full disclosure, I get compensated if you buy anything using the above link.