A friend of mine who has started a number of successful small businesses over the years insists that the best time to start a business is when the economy is down.
Why? Because you _are_ going to starve when you start up anyway. When the economy is down you are going to have an easier time finding willing employees, and you don't have to be nearly as big for vendors to find you big enough to pay attention to.
And finally, when the economy starts getting good again and all the weak-livered folks are starting competing businesses yours is established.
I've only started one, and it's a small one, but I did it right after the dot com bubble burst, and he seems to have been right.
Oddly enough, hobby businesses that cater to hard core modelers tend to do better during economic downturns. Yeah, the RTF stuff will drop, but you couldn't compete with the large department stores anyway.
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