Why You SHOULD Start a Business During a Recession
Totally Clutch - the Clutch Businesses podcast
English - July 01, 2020 21:32 - 31 minutes - 20.1 MBEntrepreneurship Business Management streamline businessautomation businessefficiencies businessoperations fractionalcoo womensmallbusinesses Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In today’s episode we talk about why you should start a business during a recession. We’ll be hearing from a special guest and will also share a couple of resources for you budding entrepreneurs.
It’s official. An economic recession started in February 2020. If I told you now could be a great time to start a business, would you think I was crazy? Well, the research agrees, so dust off the business plan you’ve been carefully crafting over the years and let’s see what you can do.
The last recession was Dec 2007-June 2009. Marie Forleo founded her business training small businesses and entrepreneurs in 2008. Her business is still rockin’ to this day. She’s received accolades from Oprah, Richard Branson, Tony Robbins and she’s trained over 55,000 people through B-School...quick math, that’s over $100M in revenue. Some other recognizable names founded in 2007-2008 are Airbnb, Crunchbase, Glassdoor, TaskRabbit, Groupon, Khan Academy, Spotify, Indiegogo, DL1961, Twilio, Roku, Drybar.
Tara Skredynski runs Careerfit Consulting, and coaches women through career transitions. Tara started her business earlier this year and shares her story.
They say that statistically, a small business has the same likelihood of success whether you start it in a boom or a bust. There are a lot of great advantages in a bust that can set you up for long-term success.
Still not convinced? Download this pdf to find out what you can leverage while starting a business now:
www.clutchbusinesses.com/recession
Starting a business is no joke. I’m going to guess that you’re not starting a business because you’re really pumped about doing payroll every two weeks. When I started my business, it took months and lots of staring at my computer to get everything set up and working right. That’s not thriving. We’ll be launching a course shortly that will help you get all of your backend business STUFF setup in a day. Save yourself joy and time. You can sign up for the waitlist at www.clutchbusinesses.com/onlinecourse.
Please remember I believe in you and your business.