Why a recession can be a good time to start a business

Why a recession can be a good time to start a business

This article from the BBC emphasises that the expected recession is not necessarily a disaster for startups and could even be an opportunity. Some of the most successful startups in the world were started during recessions and the difficult economic environment could force startups to become more adaptable and nimble.

GM went on to become a global car industry giant What do General Motors, Burger King, CNN, Uber and Airbnb all have in common? The were all founded during economic downturns. GM launched in 1908, when the US economy was in turmoil after “the Panic of 1907” financial crisis. […]

Click here to view original web page at www.bbc.com

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Why a recession can be a good time to start a business

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