Comments on: Starting Up in an Economic Downturn

By: Netpreneur

Netpreneur — Sun, 22 Mar 2009 16:29:34 +0000

I was actually inspired by this article. I decided to pursue my freelancing/entrepreneurial dreams during these recession times as the uncertainty of our jobs are increasing and some employers are taking it to their advantage.

Please check out my blog as well for a story of a netsetting in a different country.

Thanks.

By: Ava Pierce

Ava Pierce — Fri, 13 Mar 2009 04:31:12 +0000

Great article, Collis! I totally believe that economic recessions and depressions are the best time to start a business because the lack of access to financing breeds creativity and truly inspires a strong work ethic. What many people don’t realize is that many of the biggest and best businesses were started during an economic downturn. It is tough but it’s better for the business owners and the business in the long run. Just my .02. Keep up the great work!

By: Tomas

Tomas — Wed, 11 Mar 2009 10:29:14 +0000

Superb article, thank you!

By: Qiming

Qiming — Tue, 10 Mar 2009 19:54:15 +0000

Wow, nice article.

PS I don’t check for a day and this happens to the site? Nice

By: Timothy

Timothy — Tue, 10 Mar 2009 15:53:20 +0000

I’m actually both an economist and a web developer. So I tend to see the recession in multiple lights. And you speak the truth when you say that bootstrapping defines your caution in the future when times are easier.

I’ve been reading up a lot of bootstrapping since I just formed my LLC. And it seems like when the economy dips startups rise. I actually spoke to a lady working at my bank while I was opening a business account and asked if she saw more or less start-ups opening accounts. She said that she has seen much much more. She mentioned that she is seeing a lot of people being laid off and deciding to take a stab at starting up their own business.

So, recessions are not completely terrible. Nothing is so simple, so black and white. There are always shades of gray. You just have to remain positive, be rational and make the best out of the worst.

And, hey, start-ups often get a lot of credit for boosting economies and inducing a path out of recession. And it’s the businesses who are overly “cozy” that take on too much risk and take us all down with them when they slip.

By: Nate

Nate — Tue, 10 Mar 2009 15:14:11 +0000

I can totally relate to this post. I was laid off due to the economy and am 100% freelance now. It is hard… very hard… but I know I’m on the right track.

Thanks for this blog!

By: mary

mary — Tue, 10 Mar 2009 13:27:40 +0000

Thank you for this article. It’s very insightful and encouraging, and definitely makes me more convinced to pursue a startup I’ve been planning for a while.

thanks again

By: Sharon

Sharon — Tue, 10 Mar 2009 11:25:37 +0000

This is just what I am aiming for. I really want my own business and yet have no budget to work with. Therefore I am doing everything I can to get up and running without resortting to bank loans & overdrafts. I have just finished a site for one client, have another I’m working with and two possibles. Not bad for a start-up with no budget. I too believe that if I can make it now then I am able to continue onwards and upwards once the u-turn happens.

By: Ryan

Ryan — Tue, 10 Mar 2009 09:33:46 +0000

What a fantastic read, more so about your personally as opposed to information on the economic downturn advice. Such an insightful read x Thanks for the opportunity to read something into how difficult it can be to get things going. Your a credit to yourself for this.