Why Now Is the Best Time to Start a New Business

Start a business in this economy? Only a crazyentrepreneurial shackles, which he refers to as 'golden
person would do that, right? Wrong. Now is the besthandcuffs, from people who had gotten comfortable in
time to launch a business, believe it or not. Accordingcorporate jobs. "This recession is an opportunity to
to the November 2009 issue of Success from Homeimprove", he says.
Magazine, some of the most successful businessesThe recession has taught many of us one very
were birthed during a troubled economy.important lesson: that job security is a myth. It has
•Hewlett-Packard began during the Greatcreated an opportunity for more people to take control
Depression of 1939 and now operates in more thanof their own destiny by going into business for
170 countries worldwide.themselves.
•Microsoft launched during the 1975 Recession andIf you are afraid to launch into the deep, it is time to
is now valued at more than 58 billion dollars.erase those fears. You never know, you could very
•The Walt Disney Company released 'Steamboatwell have the next Avon, or Facebook, or some billion
Willie' in 1928 and continued to release animateddollar enterprise under wraps. Don't let the fear of the
movies throughout the Great Depression. Currently itsunknown keep you from going after your dream of
revenues exceed 38 billion dollars.owning your own business. Fear will keep you from
Entrepreneurs can use a recession to their advantage.experiencing success and earning the opportunity to
Tough economic times such as these strengthen thelive your dreams. Millionaires and billionaires all have one
entrepreneur by teaching the advantages of hardtrait in common, they are risk takers. They reach for
work and determination.the 'yes', even when the 'no' is blocking the way. If you
Syndicated radio host and financial expert Davewant to experience success, don't be afraid to take
Ramsey feels that this depression has removed thethe risk.