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by simne 1248 days ago
You should consider two most important things (unfortunately, each other opposite):

1. Yes, better to start own business when favorable environment, for example, when see macroeconomic grow (now recession, and high probability of crisis), or when You have some money accumulation.

2. But business is by definition, PRACTICE of make stakes and earn profits on success.

- You will not practice if not try. And best practice at crisis.

Exist good solution of this contradiction. If You could afford it, look out at nearest to You business community (offline), and find experienced mentor, to mentor You and You'll pay him from Your current payment.

Any way, early start business is much better then late. Mostly, because when You younger, You have more health, and could do things faster.

1 comments

> better to start own business when favorable environment, for example, when see macroeconomic grow (now recession, and high probability of crisis),

I could actually see the opposite being true. Lots of companies might not want to hire FTEs right now due to a maybe recession, but there's still a lot of work to be done, so they just use contractors instead.

> there's still a lot of work to be done

This is huge mistake. Looks like You don't understand enterprise economy and recession.

In reality, enterprise economy divided to two semi-connected parts:

1. making (sell) new products (new and existing services).

2. support of existing products (services), support subscribers.

Part 2 is near constant when recession (in reality it slow declining, but not much, typical 5% decline per year for US large enterprises).

And by definition, part 2 grow, when have activities on part 1.

But! By definition, activities of part 1 need investments, for development and for marketing.

Exists one exclusion - when Your competitor fail, You could try to gather his customers. This could be very cheap. Sometimes You will decide to pay money, to somebody, so You could avoid these customers, because now You don't have free resources and don't want to invest (read next).

Mean, to grow business, You should invest something, but when recession, money become expensive (fees are raising, inflation happen, but without grow), so You must cut costs, and first thing doing typical business - stop all development, and cut marketing activity.

You are partially right, support is also huge, but it cannot substitute development.

And by definition, development and support are very different types of work, so when recession, people must learn different things than when grow.

Sure, not all people learn well, and learning is very time-consuming process, so appear gap on market, between supply and demand. And because of this gap, appears illusion of lot work.