|Let Van Nuys Offices help you jump start your new business.|
Starting a business in this economy is a risk some entrepreneurs are taking. But it would be a mistake to let negative headlines prevent you from following your dream of starting your own company. In fact, many experts and Van Nuys Offices suggest that launching your new business during a down economy can actually be a savvy move. Money is always a concern when starting a business, but the impulse to be thrifty may be more acute during this economy.
At first, it may seem intimidating to think about starting up your own company in a recession, but experts cite a number of successful businesses that were launched during difficult economic times. Examples include Hewlett-Packard, which started up in the Great Depression, and Microsoft - launched during a recession in 1975.
Consider ways you can reduce the start-up costs associated with your business, such as renting equipment instead of buying or searching out second-hand furniture. You may also want to think about working out of your home and renting a virtual office from Van Nuys Offices.
The good news is that suppliers may be more willing to make discounts or strike a deal in a challenging economy. Also, commercial real estate may be going for less than it would in other situations. Don't be afraid to negotiate for lower prices.
Remember small businesses represent 99.7 percent of all employer firms.