http://www.caycon.com/blog/2009/09/starting-running-a-business-during-recessions/ The Secret Sauce for Entrepreneurs Sun, 05 Feb 2012 17:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.caycon.com/blog/2009/09/starting-running-a-business-during-recessions/comment-page-1/#comment-168 David Kaplan Wed, 27 Jan 2010 23:01:13 +0000 http://www.caycon.com/blog/?p=117#comment-168 A study recently published by the Kaufman Foundation has (to my great surprise) challenged with hard data the notion that the US economic cycle affects the number of start-ups. The proposition cited above that "Historically, high unemployment has translated into forced entrepreneurship" is probably true, but then tight credit and low VC investment probably tend to counteract the effect of "necessity entrepreneurship" on annual start-up totals. See, http://writebizplan.com/2010/01/start-up-myths-exploded/ A study recently published by the Kaufman Foundation has (to my great surprise) challenged with hard data the notion that the US economic cycle affects the number of start-ups. The proposition cited above that “Historically, high unemployment has translated into forced entrepreneurship” is probably true, but then tight credit and low VC investment probably tend to counteract the effect of “necessity entrepreneurship” on annual start-up totals. See, http://writebizplan.com/2010/01/start-up-myths-exploded/

]]> http://www.caycon.com/blog/2009/09/starting-running-a-business-during-recessions/comment-page-1/#comment-159 Vic Singh Tue, 26 Jan 2010 21:41:01 +0000 http://www.caycon.com/blog/?p=117#comment-159 The most difficult and best decision I ever made was to start a company in early 2009 in The Great Recession. During the year, we bootstrapped the company, reduced technology risk by building a prototype, reduced market risk by engaging consumers and the ecosystem and this in turn enabled us to raise capital in a gloomy market. The Great Recession forced us to be disciplined, frugal and focused. The ups and downs of 2009 set the stage for a tumultuous and fulfilling ride ahead. I highly recommend entrepreneurship in a down economy. The most difficult and best decision I ever made was to start a company in early 2009 in The Great Recession. During the year, we bootstrapped the company, reduced technology risk by building a prototype, reduced market risk by engaging consumers and the ecosystem and this in turn enabled us to raise capital in a gloomy market. The Great Recession forced us to be disciplined, frugal and focused. The ups and downs of 2009 set the stage for a tumultuous and fulfilling ride ahead. I highly recommend entrepreneurship in a down economy.

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