Why now is a good time for starting a business
A successful entrepreneur is convinced that this is the perfect time to start up in business. To prove the point, he's inviting 500 would-be entrepreneurs to a free start-up show in London on Sunday 23rd November.
Jonathan Jay, founder of business growth consultancy SuccessTrack, believes that an economic downturn is the best time to start a new business venture - his reasoning being that the fleet-of-foot will thrive despite the fiscal gloom. Recession will simply prove Darwin’s evolutionary theory, applied to business, of the survival of the fittest.
Event Details
Bytestart readers are invited to the free seminar day on 23rd November 2008.
Sunday 23rd NovemberThe Shaw Theatre, 100-110 Euston Rd
London, NW1 2AJ,
You can apply for a place here.
Top Tips
Jay has also provided 7 reasons why now is a good time to start a business:
1. The nervous will be getting out of your way – there is less competition from other start-ups.
2. The ‘top dog’ in any industry is often so weighed down in administration and tradition they will struggle and make cutbacks. You can enter markets the big companies can’t afford to market to any more.
3. The job market will be flooded with talented people made redundant by struggling businesses. These people have the fire in their belly to work with you to be the next market leader.
4. Commercial rents are lower and you can pick up good property bargains.
5. While everyone else is moaning about how bad everything is, you have the opportunity to build your own empire and then everyone will say, “How did that happen?”
6. Excellent sales and marketing always wins and if you focus on these two areas of your business and don’t get your attention diverted by other details you will come out of any recession stronger as a result.
7. Get used to not using credit and build a strong business out of cash flow; negotiate harder and get discounts wherever possible; if you can make it happen in lean times you will be the winner in better times.
Posted October 16, 2008
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