Reason for Global Recession : Advantages for New Entrepreneurs during the Global Recession Times

You may think a recession is the vigourous time to start a business,but its not all bleak .In reality there are alot of advantagesto prove it as the best of times to begin during downturn.Startups,with their inherent agility ,can fake advantages of a weaker economy and come out on top.

If you don't believe me ,take it from Bill Gates and Paul Allen started Microsoft in 1975,when the country was suffering from stagflation & GDP . Fred Smith ,who founded FedEX in 1973,at the start of a two year recession

Steve Jobs rejuvenated Apple in the midst of the dot.com bust.
During the great recession in 2007 US ,the steepest decline since the end of world war 2 .But was their a silver lining to the downturn? Definitely,Yes .The potential opportunities from opening a new business outweighed the alternatives,despite slumping demand $ tight credit for alot of them across US.

Few advantages as mentioned are-

CHEAP RESOURCES

Everything from office supplies to rent to machinery are available at low prices.Most of the equipments can be bought at liquidation prices as many existing businesses downsize or go out of business completely .

OWNERSHIP EQUALS TAX INCENTIVES

Business ownership offers a variety of tax benefits that aren't available to employees. While taxes should be one of the reason to go into business for yourself, and not a sole reason.

YOU CAN FIND GREAT "LOW MONEY" OR "NO MONEY" DOWN DEALS.
You can negotiate great deals that allow the current owners an escape while giving you an opportunity to turn around what could be .Its simply being aware of good opportunities others have buggered up,and finding deals.

SUPPLIERS ARE GIVING BETTER CREDITS .

When everyone is looking to survive, great deals can be had .That means a bullish outlook for companies looking for good terms on stock and inventories .All parties have win -win situations that allow for stock flow & cash

LOWERED JOB OPPORTUNITIES

Alot of us have always dreamed of someday owning our own business .During downturn,a stalled career or a job loss,may provide the right impetus towards this dream as good job opportunities are hard to find .

In times of Global Recession you always have the door open to hire better people and pay them less,than during the times of boom.
Venture capitalists often say that on an average there are four companies chasing good idea and that's in a 'normal' economy.
In an economy like today you have got your brainstorm all to yourself.so if u think the lousy economy is holding you back ,

Think Again!!