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Actually, it's especially good timing to be starting a business during a financial crisis. I know, I've lived through 1987, 1993, 1998, 2002, 2008 and now c-19. During these times when people are getting RIF'd (Reduction in Force), they're understandably panicked, nervous, in shock, etc. Most employees are not thinking of what service or product they can cobble together and bring to market, but how to swiftly rejoin the job market. This leads to a shortage of new startups spinning up as well, because the economy has gone to the dumpster. Good times, bull markets and strong economies make everyone feel more confident. Who wants to gamble when the world is going to hades in a handbasket? Not a lot of people. Then there's the cost factor. My experience during past financial implosions, demand for everything plummets. I get the idea we're living in more of a robber-baron era than even just 5 years ago, but still, you'll be able to negotiate everything from office rents to infrastructure, salaries of new hires, hotels and airfares for business travel. Obviously, I am going to throw my hat into this ring for these very reasons. Good luck and good day! |