Read Young Money Magazine

As a member of YoungMoney.com you can read the digital magazine online.

VIDEO: The Economy Sucks. Finally, It's Entrepreneur Time.

By Mike Michalowicz (past articles)
http://www.toiletpaperentrepreneur.com

11/03/2008

Email This Article
 Subscribe Now!
VIDEO: The Economy Sucks. Finally, It's Entrepreneur Time.

The sky is falling.  Oh my god. It’s all over. Stick a fork in us, we are done.  NOT!

The economy sucks. So what?  Here’s some news for you, bucko.  It sucks every ten or fifteen years.  It’s called a cycle.  We go through this all the time, and here is a predication, it will continue to stink for quite while. Perhaps another year or so, then it will begin to heal and thrive again.  It always has and always will.
But what if this s truly the end; the great collapse?  What if this is the death of the proverbial Roman Empire?  It could be. It is very, very unlikely, but it could be.  And if it is, don’t worry about it since there will be little you can do.

So here we sit, as entrepreneurs, on an economy that is gasping for air. It can go one of two ways: it will either revive over the next year or two or it will die. But one thing is for sure, it will get worse before it gets better.  Big business will tighten their budgets, followed by the medium size guys, and finally the small businesses will have the wind knocked out of them as everyone slows down.

And it is now, right in this moment, that is it the best time to start a business.  Yes, it’s true. So true that it is worth repeating. Now is the best time to start a business.

Page Two: Why it's a great time to start a new company

  • Email This
  • Stumble It!
  • Digg
  • Share on Facebook
  • Save to Delicious

Comments

No comments have been submitted yet
Comment on this Article:

Please verify you are human:

Trouble Seeing the Image?
Character String:

Money Saving Tools

  • Franchise Center
    Find the right franchise opportunities for your lifestyle, interest, and budget.

Find the best graduate program for you.