Recession Lessons
In an economic slump it's ludicrous to go out on a limb and launch a new company, right? The evidence, not surprisingly, is mixed, but the case can certainly be made for starting up now. There are fewer competitors, for one thing. And startups that do emerge intact are schooled in survival skills applicable during future troughs. Paul Kedrosky, a senior economist at the Kauffman Foundation, has studied the impact of downturns on startups and recently released his findings in this report. In this slide show, he shares reasons for the initial success of 15 renowned companies that were launched during recessions.
Business Exchange related topics:
Recession Spending and Investing
U.S. Financial Crisis
U.S. Economic History
