Is It Smart To Open A Business During A Recession?

is a great option,” says Joe Chatham, Founder & Managing Partner of USA 500 Clubs LLC in Boston. “The self-employed are the only people I know who will work 80 hours a week to avoid working 40 hours for someone else.”

But does it make sense to start a new venture in the middle of perhaps the worst downturn in decades? Doesn’t that present a far greater risk than just keeping up with inflation? But this may not represent the only hurdle. The biggest impediment of all is self-doubt. How often, when you think about starting your own business, do you ask yourself, “Is it worth it?” You can overcome this by simply rephrasing the question to “Is achieving my lifetime dream worth it?” or, more precisely, “Am I worth it?”

Of you can bet the financing and its near the tail end with a strong business plan, sure.

Yes

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