I've been looking into opening up my own business. I've gotten information that the economy is not great right now; and that I should hold off in opening it. What do you guys think? Jump in for the dive or step on the breaks?|||You should consider the ecconnomy from the perspective of your ability to get funding (loans will be harder to get), pay interest on loans (dont count on interest rates staying low if inflation picks up), and demand for your product or service. That doestn mean you shoulnt go for it.
Is your business sector is likely to be one effected by the ecconmic downturn? Some business can thrive if they target the right part of the market, they are cheaper than the competition, or you are offering something that there will always be a demand for recesion or not.
Be aware of your market and adapt to it.
Good Luck|||It takes at least $100,000 to start ANY business... if you are willing to risk that much money at a time when the economy is failing, then GO FOR IT... it's YOUR $100,000... but if you don't HAVE $100,000 or more to risk and think you are going to BORROW IT... then you can forget it.|||Yes, it's the right time now.
Rush before saturation|||there is no right time for anything, if you try to wait for a 'right time' you will probably wait for eternity. you have to start at it NOW otherwise you will keep having 'reasons' to delay. good luck.|||It depends on the type of business. Some businesses thrive during a recession. I wouldn't start anything related to real estate right now.
It's never a perfect time to do anything in life.
Good luck.
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