Owning my own business has been one of two things that I have wanted to do with my life (the other has been having a family which I’m still working on as well.) but would this be a good time to open one? I have some ideas, but the economy in this country seems to be terrible at the moment, with businesses going belly up, people losing their jobs, homes etc. In my mind I keep thinking that if I open the right business and things get going I could help provide a solution to the problem and maybe create some jobs, putting some good people back to work in the process and helping to get the economy back on track.
I do have some experience if you can call it that working with various online and offline network and affiliate marketing companies. But at the end of the day I was merely a self employed, commission salesman/sales manager. Many of these companies have even started to go belly up which is why I am exploring other options at the moment.
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Would This Be A Good Time To Start A Business?
Posted on May 23, 2011.
A bad economy can often be the best time to start a business. Shops that have been empty for a long time can be rented for half the usual price, experienced staff are available and willing to work for less just to be in employment and oversized or inefficient companies can go under, leaving a gap in the market.
If your business is selling high end goods or services maybe not, but most small businesses will struggle for the first few years anyway. A bad economy should not be a deciding factor in wether or not to start up. A solid business plan will take these factors into account and find ways to either avoid them or minimise their risk.
i wouldnt start a business with this econemy the way it is.everyone is broke,maby i would start it over seas and youll have a better chance of being successful.good luck anyway
Jonny posted some great advice and I agree it is a good time to start a business IF your smart about it. You need to understand what your up against, find an area with low unemployment, proven past success, ect… I listed a site in the source section that has great statistics for small businesses, business plans, and so on. Take a look