If you are contemplating starting your own business, but have decided to wait because of the current state of the economy, DON’T! Now is a great time to own your own business, produce your product, or sell your service. If you don’t believe me then answer this, what does America need most right now? There is only one answer, JOBS!
America was built on the ideas and inventions of its people. Would the Union have been victorious if Samuel Colt decided to throw in the towel after his business went bankrupt, or where would we be if Bill Gates and Paul Allen had decided that the cost of producing computer software was too great, and the Microsoft Corporation had not been founded? As Americans we cannot allow fear of financial ruin to extinguish our innovative spirit.
Until recently, recessions were a common occurrence in this country. According to The National Bureau of Economic Research (NBER), this country has successfully bounced back from recessions 21 times since 1902 (CNBC.com) Many jobs are lost during recessions, but history shows that periods of innovation and growth almost always follow.
Currently the need for gainful employment in this country has never been greater, and the answer lies within us, the people. Innovative Americans with ideas and plans for products and services that will provide the jumpstart the economy needs and put an end to the economic crisis. Now is a great time to be an entrepreneur.
Resources
1. Schramm, Carl. “The Silver Lining for Small Business in a Recession.” Inc.com. June 1, 2009. http://www.inc.com/magazine/20090601/the-silver-lining-for-small-business-in-a-recession.html.
2. CNBC.com. “A History of Recessions”. CNBC. September 4, 2007. http://www.cnbc.com/id/20510977
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You're right to point out that many people the world holds out as great business people failed, often several times, in previous business ventures. Successful entrepreneurs just keep trying new ideas, learn from their mistakes and never give up.
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