Is It Smart To Open A Business During A Recession?

  • 📰 Forbes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Turning a hobby into a for-profit venture can help generate much needed cash during these inflationary times, but does it make sense to start a new business in the middle of a recession? There may never be a better time to start a business than right here, right now.

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?”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Forbes, U need to add more videos for promoting yourself

Yes, if they have smart brain

I literally have all the equipment I need and a suport network, so..

There's no such thing as perfect time..

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lou Malnati’s Pizzeria to open new Tempe location; Papago Brewing is coming back - Phoenix Business JournalThe owners of Huss Brewing Co. are revitalizing the Papago Brewing Co. brand and opening a new location in the Valley. Plus, read more about some of the latest and biggest real estate deals from across the Phoenix metro including a new semiconductor supplier confirmed in Casa Grande and building sales.
Source: phxbizjournal - 🏆 254. / 63 Read more »

GALLERY: Local business in southern Utah receives support during Black Friday shoppingCustomers have begun doing some holiday shopping Friday at local businessesin St. George.2News spoke to the owner of
Source: KUTV2News - 🏆 281. / 63 Read more »

Small-business owners banking on big Black Friday, Cyber Monday - Dallas Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Small-business owners banking on big Black Friday, Cyber Monday - Dallas Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: DallasBizNews - 🏆 525. / 51 Read more »

Small-business owners banking on big Black Friday, Cyber Monday - Dallas Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: DallasBizNews - 🏆 525. / 51 Read more »