2006-12-13 03:31:26 · 5 answers · asked by yanswers 2 in Business & Finance ➔ Small Business
Very much.
1. You dont wanna start during a bad phase and have negative cash flows. Then you need extra cash, extra investment.
2. During bad phase, people like bankers, investors also tend to have more conservative outlook. This means tougher times for you and fund raising. More so when its a start-up.
3. During a bad phase you may be affected positively with your vendors, suppliers , but faced with more competition on the sales side.
My suggestion is: Just to be objetive, you may list out a list of positive and negative influences of the current economic trend on the new business. If the positives outweigh, then you have the answer.
2006-12-13 03:43:04 · answer #1 · answered by mms 2 · 0⤊ 0⤋
Economics are the key to any businesses success. You do not want to begin selling real estate when the market is starting its crash...You do not want to open an investment company when the stock market crashes. Watch industry trends. Recently 2001-2006 there has been a surge in Mortgage Brokers and Real Estate agents...Why? Because that's what was hot. It is easy to make money as your sector heats up. The key is to stay in business when it slows down. Over the next few years you will see consolidations and bankruptcies in these same to industries as these sectors slow down. Economics and Selling ability are the 2 most important factors in a businesses success.
2006-12-13 03:51:19 · answer #2 · answered by Joe A 2 · 0⤊ 0⤋
They should NEVER have much influence on your decision. As long as you understand what the chances of success are and do your research on the business you are interested in opening. Make sure that you have sufficient capital to do so. ALSO PRAY for GOD's assistance. Have a great holiday!
Eds
2006-12-13 03:36:06 · answer #3 · answered by Eds 7 · 0⤊ 0⤋
Your present decisions affects your future in life the most past decisions will affects your present but it's better to forget about the past and make a better decision in the present so it will be a better future.
2016-05-23 18:12:57 · answer #4 · answered by ? 4 · 0⤊ 0⤋
shouldn't stop one just take in to consideration and decrease cost to consumer or pass ingress to consumer.Don't try to absorb them yourself.
2006-12-13 10:34:47 · answer #5 · answered by ediot1000 1 · 0⤊ 0⤋