This is the best time for entrepreneurs and businessmen to invest despite the situation we are experiencing today. Reviewing our history, we recall the great depression. The world experienced the effect of war, followed by economic growth lasted for a long time.
There is no better time to pursue your dream business than TODAY—the next economic growth for the coming century.
After reviewing some forums and blogs, here are some reasons why it is good to start your business today: (adapted from Sugars and Letterman)
1. All are inexpensive.
The values of things are in cheaper cost in the world market. It is advisable to deal with land and equipment to commercial office space, human power or labor cost because of its low cost. The asset value has decreased; there is no luck to get into the real estate or financial markets or even heavy equipment and construction.
2. More qualified and better people to choose from.
There are plenty of good engineers waiting to be hired. Lots of jobless talented people are looking for jobs. Why don’t you start up a professional firm? Many accountants and lawyers are looking for better opportunity as well.
3. Looking for new supplier
The prices for greater value are higher and you have a good chance of winning new business. You also have the advantage as a newbie when it comes to products and services offering. Many companies are looking to find a new and better partner that offers unique delivering those products and services.
4. Tax Incentives
Business owners that have different tax benefits are not available to employees. But, it doesn’t mean that taxes are not to go into business, consider it to be benefits of business ownership.
5. Low investment on stock or real estate markets.
They are looking for new business ventures or expansion of business. You know each other and have good relationship—form a solid business plan that delivers realistic models, better chances of attracting investors for business capital.
6. Given credit for suppliers.
Because the credit markets have virtually shut down, the B2B credit flows are keeping money circulating out of sheer necessity. That means a bullish outlook for companies looking for good terms on stock and/or inventories. The main advantage is that all parties have more incentive than ever for finding true win-win situations that allow for cash and stock flow. When everyone is looking to survive, great deals can be won.
7. Hiring the best PR
Ambiguous cases are loved by media and being a positive thinker will be the best time to expand or get into business now. PR helps to generate to demonstrate the image of your company to the market.
8. Everything is available
To minimize the cost and to be less expensive, you may deal with used equipment especially in terms of large quantity. Bidding or auctions are good place to find equipment like these but make sure you check if it is properly working. Finding someone offers equipment is another option to save money for machineries. These days, you can easily deal with vehicles and trucks for a delivery service or hauling or construction company. You don’t need to buy things that you need, you can rent especially equipment that you can’t use most of the time.
9. Instant deals
We are aware about good opportunities others offer, you can easily find good deals and sometime you can get an entire business with low money start up or no money down deals (complete package together with some materials). Many business owners give out their business, meaning you can talk to them and negotiate with them and try to study how the business works that will give you opportunity to turn around and see that it’s easy to handle business like that.
10. Unemployment rate increases.
The bad thing today is that people lose their jobs because of recession; you have to do something before it’s too late. The best way to have is try to find job or have your own business establish. Greater urgency to do things like these will help you generate income as quickly as possible.
Adapted from Brad Sugars article
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