Top Ten Reasons To Start a New Business During a Recession
Saturday, July 24, 2010 |
Edit Post
10 Increase in Outsourcing - As companies downsize staff, opportunities open up for consultation and service businesses to offer cost-effective service solutions. For example, a business may downsize and then realize they no longer require an internal IT department, but they still need help from time to time. This would create an opportunity for an entrepreneurial IT consultant to offer their services.
9 Opportunity to Lower Startup Costs - Opportunities to form strategic alliances form as companies try to cut costs. A downsizing company may be willing to sublease office space, share warehousing costs, establish common office space, or share other operating costs such as office equipment. Even employees - such as a common secretary or receptionist.
8. Increased opportunity to franchise. Have a great idea? The recently unemployed become new franchisee prospects that you can sell to.
7. Market Opens - As large companies downsize, they sometimes abandoned market niches . This abandonment creates opportunities for the right-sized enterprise to enter and exploit.
6. Low Interest Rates - Lenders, especially hungry private investors, will be more likely to puruse venture capitol opportunities.
5. Cheap Labor - A high unemployment rate creates a glut of skilled labor for you to hire.
4. Less Competition - As companies downsize or discontinue operations, there are less choices available in the market.
3. Research and Development - Many governments reward innovation in the form of refundable tax credits. Use the slow time during recessionary periods to innovate your products, services and operations.
2. Increased Government Spending - Government spending in green technology, civil infrastructures and other initiatives can present unique opportunities for consultants and contractors to jump start their new business.
1. Longevity - A business structured to survive a recession is less likely fail during any economic cycle
Labels:
Business
Dynamic Page QR Code
Popular Posts
-
Product Manager Cover Letter: This real cover letter worked successfully at getting an interview as a product manager. Use it as a templat...
-
Creating randomized valid file paths is a common requirement for many applications such as the case of short url redirects. The Goo.gl url s...
-
If you're interested in placing QR tags dynamically on your site, here's how I did it in less than 5 minutes thanks to Google's ...
-
Cover Letter Examples that I have used successfully to get a job interview: Further to my last post on this topic, there's no substi...
-
Is there a scientific reason that can explain Why People are So stupid? It's not surprising that so many people take advantage of being...
-
Sample for Cover Letters Writing an effective cover letter is essential to get yourself noticed. Use your cover letter as a sample of your...
-
Decoded HTML Encoded HTML Entities /** * Encode HTML tags as HTML Entities * using jQuery * * Code takes raw...
-
In my opinion, Git is a programmers program. It is fast, feature-rich yet intuitive, kind of like Google...there's a new treasure waitin...
-
Blogger RSS URL s can be customized to syndicate content in a user friendly way. This is especially important if you operate a multi-issue b...
-
The example below uses Google's OpenID API to request and validate the user's GMail address. The visitor is first directed to Google...
0 comments:
Post a Comment