Some of the best businesses have
launched during a recession.
Viva Elvis was
launched during the recession and has made it out alive, but the economic downturn still put significant pressure on the company.
Fat Straws Bubble Tea's Terry Pham
launched during a recession and survived two downturns.
It seems to imply that if I have a good idea and it is well thought out, etc., it is equally OK to
launch it during a recession or during periods of growth.
(There also might be fewer businesses
launched during recessions.)
It strikes me as at least possible that businesses
launched during recessions are of a different nature than those launched otherwise, in that the entrepreneur presumably launched a business knowing it was during a recession.
In fact, a Kauffman study confirmed that more than half of the companies on the 2009 Fortune 500 list were
launched during a recession.
The serial entrepreneur and co-founder of household brand Green and Black's, which
launched during a recession, has stressed the importance of credit, good preparation and a focus on personal health as key elements of survival.
Not exact matches
Research shows workers who
launched careers
during the Great
Recession are plagued with anxieties much less prevalent among older colleagues.
Paul Trible, Ledbury co-founder & CEO, and Paul Watson, Ledbury co-founder & COO, explain how they were able to build a profitable business
launching luxury brands
during a
recession.
He then
launched into a list of what he called political victories for the Bronx: half - a-billion dollars worth of housing construction
during the
recession, a recent education summit and a new law that allows outer borough residents to hail livery cabs.
However, given that cumulative abnormal returns increase with radicalness
during an expansion but decrease with radicalness
during a
recession, he added, «Banks should time their
launch of radical financial innovations to coincide with periods of expansion rather than
recessions.»
Despite PrintMatters»
launching during the worst
recession since the Great Depression, what started with a small exhibition of work by the five founding artists has grown so much that in 2014, members voted to seek 501 (c)(3) nonprofit status so they could pursue grants and expand programming.
It was a good idea that unhappily arrived ahead of its time — these programs were
launched during the post-crisis
recession, when it was hard to persuade new graduates to turn down high starting salaries in favour of lower - paying «training opportunities.»
Everyone thought Ian Charlebois was crazy for
launching his real estate career
during the
recession in 2008.