Friday, July 24, 2009

Recession Grew Start Up's

The moment one hear a word recession place the shadow of silence and pain but i feel recession is a good time for Starts up's Business. Let me give you some fact which help you to understanding my strong feeling of positiveness in recession. Some time i feel its good the Great recession come at least the new beginning will get the shape.

  • In recession you will find "CHEAP PRODUCT & SERVICES" - The Economy dump make all things cheap and affordable and this will help the start up's. Will get good deals at low cost.

  • In recession you will find "LOW COST POOL" - Shrinking Titanic Economy force to massive layoffs in a Ocean of extremely talented people for new hiring. You can easily find the great people who are willing for new opportunities at least lesser than a salary what they are getting after threatening there employers before recession. Still Be careful when i said Great Talent pool means they are great in there work so get them on board with their Dignity and respect. Do not try to underestimate the Pool because hire them before they become your competitor.

  • In recession you will find "Start -UP Incubators" - The Successful Entrepreneurs finding a new way to generate revenue by helping new business. Today’s incubators are a bit different than VC’s or angel groups. Incubators are more involved in finding new space for business and education young guns to maintain the business in SEA SAW. They also usually only focus on a specific number of start-ups each year and look for very early stage opportunities.

  • In recession you will find "F&F' - Family of Friend who are ready to Invest in new business as they are already eaten up by Stock Market Dragon, So now there focus is to invest for longer run and with low risk so they give chance to Start-Up too. Why i said low risk as they try to convince you take Investment as loan and return in installment with some good premium added on same.

  • In recession you will find "GREAT MINDS"- Business houses kick off there old vendors and supplier and giving opportunity to new one as they are ready to deal at lesser price and more credit.

  • In recession you will find "TECHNOLOGY FOR FREE"- With the amazing array of great open source technology available today, new entrepreneurs can take advantage incredible software products that used to cost thousands.

  • In recession you will find "SOCIAL MEDIA" - From the professional rude attitude now all CEO's and CTO's are available with 100% free time on SOCIAL MEDIA NETWORK like LinkedIn, Tweet-Tweet, FaceBook, XING etc.


Thanks and kind regards,

Nitin Chauhan
| nitin@maximumhit.com | www.maximumhit.com


2 comments:

  1. excellent post! I will follow your blog. Make sure to follow mine as well: www.youronlinepennypinchersource.blogspot.com

    ReplyDelete
  2. Hi

    Thanks for following my Blog.

    Nitin

    ReplyDelete