Top 10 Reasons to Start a Business in a Recession - Page 2 - Mercedes-Benz Forum

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post #11 of 21 (permalink) Old 03-18-2009, 02:09 PM
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Originally Posted by Jayhawk View Post
More publicity. Less competition. Talent waiting to be scooped up. Here's why starting in a recessed economy may give your business a better shot.
  1. Everything is cheaper.
  2. You can hire more and better-qualified people.
  3. People are looking to change suppliers.
  4. Ownership equals tax incentives.
  5. Family and friends don't want to (or can't) invest more money into the stock or real estate markets.
  6. Suppliers are giving better credit.
  7. You can get good PR by showing you are going against the trend.
  8. You can buy everything you need at auction.
  9. You can find great "low money" or "no money" down deals.
  10. You've lost your job, and you have to do something.

Top 10 Reasons to Start Up in the Recession - Starting a business in a recession - Entrepreneur.com
I disagree with number 4 but the rest sound good.
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post #12 of 21 (permalink) Old 03-18-2009, 03:13 PM
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I found the biggest advantage is not having to hire relatives and friends out of work because they all think you are going to fail.
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post #13 of 21 (permalink) Old 03-18-2009, 03:21 PM Thread Starter
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Jay, what makes you think your credibility still stands?
Because I'm a stand-up guy!

Don't believe everything you think
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post #14 of 21 (permalink) Old 03-18-2009, 03:22 PM Thread Starter
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Like a terrier whose favorite ball has rolled just out of reach under the couch.
Great analogy!

Don't believe everything you think
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post #15 of 21 (permalink) Old 03-18-2009, 03:32 PM
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post #16 of 21 (permalink) Old 03-18-2009, 03:50 PM
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God damn fed reserve! They deserve to burn in hell!

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post #17 of 21 (permalink) Old 03-18-2009, 03:51 PM
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Most people can't start a fucking business in a recession because most people don't have the capitol! Duh!
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post #18 of 21 (permalink) Old 03-18-2009, 05:40 PM
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Originally Posted by Jayhawk View Post
More publicity. Less competition. Talent waiting to be scooped up. Here's why starting in a recessed economy may give your business a better shot.
  1. Everything is cheaper.
  2. You can hire more and better-qualified people.
  3. People are looking to change suppliers.
  4. Ownership equals tax incentives.
  5. Family and friends don't want to (or can't) invest more money into the stock or real estate markets.
  6. Suppliers are giving better credit.
  7. You can get good PR by showing you are going against the trend.
  8. You can buy everything you need at auction.
  9. You can find great "low money" or "no money" down deals.
  10. You've lost your job, and you have to do something.

Top 10 Reasons to Start Up in the Recession - Starting a business in a recession - Entrepreneur.com
I agree completely [except No.5]. Best way in the world to become isolated it to borrow money from friends and family to start a business. First, they want to "help" since they consider themselves a stakeholder and then they want to micromanage if they don't see things going the way THEY think it should, even if they have no concept of the business model.

Borrow from strangers or banks. They are much easier to get along with.

Otherwise, I agree. It can be a good time to start a business. Just make sure it is VERY well researched. The folks at entrepreneur magazine tend to be somewhat franchise oriented and not everyone thinks that trough.

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post #19 of 21 (permalink) Old 03-18-2009, 05:44 PM
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Never hire someone you can not fire.
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post #20 of 21 (permalink) Old 03-18-2009, 05:46 PM
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Exactly. Don't marry the help. Or anyone else.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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