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> it's a good time to start a business This sentiment is at odds with any empirical examination of past recessions. Just because some guy at flickr said it do
by kingkongrevenge 19y ago
> it's a good time to start a business
This sentiment is at odds with any empirical examination of past recessions. Just because some guy at flickr said it don't make it true. Specific cases vary, but the sentiment is simply false in the general case.
The bottom of the business cycle is a good time to start. On the actual downswing the non-discretionary spending businesses offer a safe-haven, but not great opportunity.
- curi 19y agono, it's half full
- kirubakaran 19y ago50% surplus capacity
- caudicus 19y agoWell, just to be fair, this may actually be the bottoming of a business cycle (granted we won't know until afterward - and it probably isn't, the consensus is we have more to go through, agreed). Unemployment is typically a lagging indicator - but that doesn't mean it's over yet.