Saturday, March 29, 2008

Why you should start your startup BEFORE the recession ends

Think the recession is a good reason not to start a business? I think you're probably wrong. In a post at The Industry Standard, Melissa Chang nails down Five reasons why a recession is a good time to start a company.

A recession is actually a great time to nurture and incubate a small company. Here are five reasons why:

1) A recession forces founders to be frugal. Starting a company without a lot of money is an excellent discipline for entrepreneurs and for every early-stage company. While it may feel painful to track every dime, the lessons that frugality teaches are invaluable. Having limited capital leads to creative thinking, healthy deliberation about expenditures, and the need for founders to pay very close attention to cash flow, budgets and balance sheets.

Read: Melissa Chang


Monday, October 08, 2007

Upstate Entrepreneurs Forum on Monday

I plan to be at this meeting on Monday afternoon:
Upstate Entrepreneurs Forum: "The Upstate Entrepreneurs Forum is a volunteer organization dedicated to improving the climate for emerging, growth-oriented companies across Upstate South Carolina. The mission of the Upstate Entrepreneurs Forum is to improve the flow of ideas, services, and capital across entrepreneurs and help connect budding entrepreneurs to resources they need to grow their business.

Next Meeting - October 8th 2007: The Ocotober 2007 Presentation will be - 'Innovative and Efficient Ways to Share the Unique Message of Your Business' by dual presenters, Benjamin Young of BigBlueHat and Patrick Greer of SpinningSilk Multimedia."
qv: Upstate Entrepreneurs Forum

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