It may not seem so smart to start a business in a down economy, but according to Tim, this is actually the best time to do it. Costs are lower, you can get better talent for less, and people are a lot more receptive to entrepreneurs because of the fragile state of things. And don’t tell anyone, but the economy is actually looking up. (Switch that. Tell everyone you know. We need good news.). But even if it wasn’t, starting a business “now” is almost always better than starting it “later”.
Once you take your new idea and turn it into a Business Plan you’re ready to go! MyNewCompany.com’s Formation Services will make starting your new business as easy and hassle-free as possible. Don’t forget to check out our Free Tools and Resources Page for useful information on the process of starting and managing your small business.