Seize the Moment

Did you know that more than half of the companies on the Fortune 500 list this year began during a recession or down market? CnnMoney.com has a great article discussing this fact and why now is a great time to  start a business.

Below is an excerpt:

The worst job market in 26 years may be the perfect time to start a business, according to Tim Kane, a senior fellow in Research and Policy at the Kauffman Foundation.

“It’s very easy to waste half a year on a job search,” he said. “Whether it’s a good time to start a business depends on your personal situation. It’s a great time if you’ve always wanted to start a company and you are stuck in a job search.”

Because of the increased flexibility in terms of scheduling and location, working for yourself is a particularly “viable option for women who want to work and raise kids,” according to Victoria Colligan co-author of “Ladies Who Launch: Embracing Entrepreneurship and Creativity as a Lifestyle.”

Thanks to tools like social media and email marketing, entrepreneurs can build relationships online and reach many prospective contacts and clients.

Read the full article here: http://money.cnn.com/2009/06/22/news/economy/hired_selfemployment/index.htm?postversion=2009062311