Comments on: Is this a great time to start a business?

By: Cliff Vaz

Cliff Vaz — Thu, 07 May 2009 21:59:30 +0000

This is definitely not the most opportune time to start a business in my opinion. The economy is incredibly poor right now, the unemployment rate is at an all time high, and people just don’t have the resources to be spending money. I take a more personal approach to this question because I’m looking to open my own restaurant in the near future. Would I be able to profit from such a business at this time? The answer is absolutely not. Surveys are revealing that one of the main things people are cutting back on is “dining out.” Unless I were able to open my restaurant in an incredibly affluent area, I think I would find myself in an uphill battle to fill my restaurant with a steady flow of clientele. In a couple of years though, I see the economy rebounding and that will give me the proper “window of opportunity” necessary to open my business.

By: Stephen Ikalainen

Stephen Ikalainen — Wed, 29 Apr 2009 23:41:34 +0000

No I believe this is not a great time to start a business because loans arent being given out and if they are given out the return on the loans is a very high percentage making it difficult to recieve any revenue in the company. I also feel that our economy is not the best to start a business because people arent spending money like they used to and many investors are hesitant to invest into companies at the moment due to the financial crisis because it means that investors could lose everything and no one wants that.

By: Lauren Pohle

Lauren Pohle — Tue, 28 Apr 2009 04:39:00 +0000

in the market if customers are cutting back

By: Lauren Pohle

Lauren Pohle — Tue, 28 Apr 2009 04:37:49 +0000

I think that if you were to start a business right now it would be a good idea. There are many reasions why a recession is a good time to start a business. Starting a company without a lot of money is considered great discipline for early stage companies. Having limited capital makes way for more creative thinking. Recession forces entrepreneurs to give a closer look at their business ideas and ask themselves if there is room for this company

By: Bianca LeBranti

Bianca LeBranti — Mon, 20 Apr 2009 23:48:13 +0000

I think that starting a business right now could be very positive. For example starting a non-profit organization/business that could help needy people could solve a lot of peoples issues. This kind of business could be very prosperous. Starting a business like a fine dining establishment that had expensive prices probably would not do so well. A business that could help people that are going through rough economic times could be very helpful and woul do very well.

By: Andrea Rovedo

Andrea Rovedo — Thu, 09 Apr 2009 13:54:47 +0000

I think now would be a good time to start a business depending on what kind of business it is. I think something that requires a membership would probably be best based on the fact that your income would mostly be membership fees. For example: the other day i was watching the news and they were talking about a country in Europe that does a clothes exchange. This could be an exchange on anything. The idea was great. People bring their old clothes they are tired with and bring them to a box kind of like the Salvation Army. Then the people that donate come on a certain date and time and only pay to get in the door. Once inside they have a certain amount of time to grab other clothes that have been donated and get to keep them only for the cost of donating clothes and the fee they pay to get in. What a great idea. You get new outfits or w/e it is that you’re trading at low cost. It is perfect for the low economy we have now. It doesn’t put a huge dent in your wallet and you get new things.

By: Jenny Frost

Jenny Frost — Thu, 09 Apr 2009 12:46:15 +0000

I agree with Peter Howland. But I think that it is a good time to start a business if you were to run a small type of business in the bad economy. real estate is bad now that the economy is down noone has the money to spend to buy a house they all need that money for paying bills and such. People now are getting laid off of work so they should always have the back up plan if they wanted to start their own business.

By: Peter Howland

Peter Howland — Fri, 03 Apr 2009 18:44:40 +0000

I think it would be a great time to start a business if you have the resources to start one, and a plan. You can buy things to start up your business inexpensively right now because the economy is doing really crappy, People in the housing market, who want to buy a house for the first time will buy a house at a great deal. If you have the money real estate is the market you probably want to be in now because once the economy recovers, people that own real estate will make a killing when they sell those properties. Basically any business idea will probably succeed in this market if the idea is the right one, and the price that you’re going to charge the consumer is the price they will pay.

By: Brandon Friend

Brandon Friend — Wed, 01 Apr 2009 21:55:14 +0000

I don’t believe it is a good time at all to start up a business. From what I’ve heard, starting a new business usually requires some type of outside investors to help get the ball rolling. If you are not 100% sure that your company will begin to grow rapidly and take in a decent revenue, you could find yourself in serious debt and financial turmoil. In my opinion, the economy as of right now is not stable enough for someone to take that risk.

By: Charles Legendre

Charles Legendre — Tue, 24 Mar 2009 22:29:56 +0000

The economic situation really has no bearing on whether it is a good time or not to start a new business. It is always a good time to start a business if you have a desirable product or service. Starting a business can mean so many things. The key is finding what product or service is going to sell in the particular time in which you plan to start the business. Right now, there are plenty of business ideas that would be able to flourish into successful ventures. If I knoew what they were and had some capital to get one started, I would. But, I am a poor college student aspiring to not only have the money some day, but to also be able to have a marketable idea. Maybe I will try this discussion in a few more years.