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.


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