Do you have one good reason to start your business right now?
Regardless of what people around you (including the media) may say, right now is the best time to get into business. Just go back and look at the economic slowdowns throughout history. Most recessions in the post-World War II era last an average of 10 months, followed by growth cycles that last an average of 50 months.
What this means for the startup is there's no better time than right now to get going and start pursuing your business dreams--in anticipation of the next period of growth.
- Everything is cheaper.
- You can hire more and better-qualified people.
- People are looking to change suppliers.
- Ownership equals tax incentives.
- Family and friends don't want to (or can't) invest more money into the stock or real estate markets.
- Suppliers are giving better credit.
- You can get good PR by showing you are going against the trend.
- You can buy everything you need at auction.
- You can find great "low money" or "no money" down deals.
- You've lost your job, and you have to do something.