Businesses

Five Reasons Why Recession is an Opportune Time for Innovation

    Home Business Opportunity in a Recession

    1. There are more smart people out of work who will inevitably find themselves trying out ideas that may not have been embraced by their previous employers.

    2. Large companies that may have previously threatened start-ups by trampling on their innovative ideas are now preoccupied with larger issues of survival and tend to stay out of the way.

    3. Labor, office space, and supplies — nearly everything you need to start a business — cost much less now.

    4. Technology has made it much easier for entrepreneurs to build a business and market their products or services.

    5. There are more unemployed individuals willing to take risks, because they have nothing to lose. HBM

    For more information read Thomas M. Koulopoulos’s book The Innovation Zone: How Great Companies Re-Innovate For Amazing Success (Davies-Black Publishing, April 2009).

     

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