60% of companies started during an economy downtime.
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larss
I'm watching some specialist videos
Makes a certain amount of sense. More people get laid off in those sort of times, and some will start businesses as a way of getting themselves a job. If that business lasts through the downturn, then it is likely to stay afloat better than a company started during a boom that only just keeps going in the "good times".
Exactly right. Nothing stimulates creative thinking and creates opportunity like adversity.
More often than not, what also happens is the price to start up a business decreases, in the case of technology, it's often because regulation costs are loosened.
The definition of "economic downturn" needs to be more closely defined here. In the broadest sense it could mean almost half the time. In that case the amount of companies that start during it would be a minor imbalance from economic upturns.
It could also be brought up that more companies collapse during economic downturns also.
It could also be brought up that more companies collapse during economic downturns also.
sure, you can start it if you got money.
Who needs money to start a business? It's free to stand at the corner and only takes a little muscle to raise my hand.
Thanks guys, I have started my first two businesses currently and hope they grow even though they are small lost $5 a month business with not a huge amount of room for gain. I would max out at 200k-500k a month most likely in years to come. Still not bad money when you consider it. I just wish I had the skills to build beautiful sites, but that will come with time I guess.
I also want to start my own business and use the money from my two blogs - Whatever it is because it's really easy to go positive currently. Only need to make $5 a month off two blogs with roughly 200+ posts which is becoming quite easy now. I don't expect any money to come in that is huge for the first couple of years though that is the problem.
If anyone wants to complain that they are not really businesses I guess your right. It's just a way to make extra cash, but it feels like a business and it's done in the real world with real money, so ya.
Facetious
Moderated
Get those low interest rates while you can ! :rofl:
Don't they just change em when they feel like it? I've heard of companies doing this.
Rey C.
Racing is life... anything else is just waiting.
On lines of credit? Yeah, pretty much. They can also change the terms and the amount of the line, pretty much whenever they feel like it. Sometimes you don't get notice of a change until you're in the middle of a transaction, and then you have to scramble like a turkey on Thanksgiving Day to put things right. Whatever you sign, with regard to a line of credit, is probably going to give the bank the right to fuck you without prior notice... but you should still read the blood contract before signing it.
This is what put a lot of small to medium sized businesses out of business during this latest recession. It wasn't so much that their customer demand had completely dried up. But many businesses borrow money against outstanding invoices to meet payroll and buy supplies. The bigger banks (especially the money center ones that sucked up TARP funding like it was gravy) cut or discontinued LOC's for many small businesses. Remember that place near Chicago that made windows or something? It made the national news a year or so ago. I believe it was Bank of America that screwed them. And then the workers took over the plant. To get their name out of the news, BofA apparently reopened the LOC, and I think the owner was then able to sell the business. I think the workers also got their back wages. I'm pulling from memory... I'm really not sure how the shit hooks at BofA dealt with that. I just know that Ken "$60 Million Man" Lewis didn't miss any paychecks.
Hey Facetious, if I was to provide you with Vikram Pandit's home address, any chance your Tea Party pals could swing by there one night? I'm certainly not suggesting anyone undertake violence. But ya know, if they posted his address on their website and then his house happened to blow up or catch fire... shit happens, right? :dunno:
______
IMO, try to start out by dealing with your local bank, then deal with a regional bank, then deal with the mafia... and then, only if all else fails, deal with a money center den of vipers.
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