Starting a Business in a Down Economy

Are you looking to start your own small business but think it’s not possible in these tough economic times? Think again!

Starting a business in a down economy can be a smart move: Prices for goods, services and labor are down while supply is up. For best results, think creatively and work strategically.  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 suggest that launching your new business during a down economy can actually be a savvy move.

In a time of plenty, people may be less likely to bother looking around for better deals. In contrast, an economic downturn inspires shoppers to think hard about their choices. This tendency can present a golden opportunity for the small business owner who knows how to market their product to budget-minded consumers.

At first, it may seem intimidating to think about starting up 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.

Van Nuys Offices  is eager to help with your small-business needs — we look forward to helping you take that first step in achieving the dream of owning your own business and having your first office.  Contact Us or visit us at 6360 Van Nuys Blvd. #200 Van Nuys, CA 91401.