Small Business in a Big World

February 5, 2009

Recession can still be a good time for business start up

Filed under: small business — itbiznez @ 8:57 am
Tags: , , , ,

You need to identify a business where you’re confident demand will exist, and you have the skills and passion to succeed.

Many boomer startups aren’t entrepreneurial ventures in the traditional sense. These won’t be businesses that involve raising funds, hiring employees and renting office space. Instead, many will start out as bootstrapped self-employment operations, run on a shoestring from a home office. Even these entrepreneurs, however, need to be sure they can fund at least six months of living expenses while they wait for revenue to start coming in.

Well, there really is no perfect time to start a business. If you believe there will be long-term demand for your product or service, there’s no reason not to get started even in a down market.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: