Do you have one good reason to start your own business right now? – How about 5 good reasons! We can all think of reasons why not to start up our new business venture, but lets focus on the reasons to start it during an economic downturn!

1. Everything is cheaper – IT Equipment, office or retail space!
2. You can hire more and better qualified staff – As the job market tightens up, there is a greater pool of workers to choose from.
3. People are looking to change suppliers – This is often the greatest advantage start-ups have in times of a downturn – Businesses will look to protect their own business and when times are tight, they will look at alternate suppliers not only for a better price, but for better service. This is where a Start Up businesses can succeed.
4. Business owenership offers a variety of tax benefits that aren’t available to employees
5. You can get great PR in quieter times – Start ups are fresh and offer something new!

And finally – If you’ve lost your job – you have to do something. But, you have got to want to do it and have a passion for it – otherwise you wont be a success!

If you are thinking of setting up in business, give Mike a call on 0401 631 904.