Top 10 Reasons To Start Your Business In A Down Economy

1. Everything is cheaper – From raw materials to real estate, these are the lowest prices you’ll see.
2. You can hire more and better-qualified people – Obviously…
3. People are looking to change suppliers if they can find one offering a better product or service for a lower price.
4. Ownership equals tax incentives related to business deductions not available to individuals.
5. Family and friends don’t want to invest more money into the stock or real estate markets – they might find your offering more secure.
6. Suppliers are giving better credit.
7. You can get good PR by showing you are going against the trend – it’s a great story.
8. You can buy everything you need at auction.
9. You can find great “no money” down deals.
10. You’ve lost your job, and unemployment benefits are running out – why not go for that dream.

Michael Slapiro, Dynamic Management Solutions, Inc.