Guidant Financial Group Blog

Historical wisdom has it that now is the time to bunker down and wait for the economic storm to blow over. But a new article in BusinessWeek (see Starting a Business in a Downturn) points out that if you’re willing to put on your galoshes and grab a strong umbrella, you may be among the first to see the rainbow through the raindrops.

It is true that any business starting up right now has some unique challenges to face. But, surprisingly, starting a business now has some particularly appealing advantages, too.

According to Peter Justin of MyBizHomepage.com, entrepreneurs who won’t let a little rain bother them may find that economic showers bring financial flowers (okay, dorky, we know).

Some of the advantages of starting a business now are:

• Inexpensive real estate
• Good employees looking for work
• Less competitive market
• More media coverage for new businesses

“It’s always a matter of perspective,” Justin told BusinessWeek. “There’s always a way to prosper during a downturn … We’re Americans. Entrepreneurship is in our DNA.”

Worried about the financing you’ll need for your business? Give us a call! We have several financing options available to help you get your start. Plus, we’re in Seattle – we never let a little rain ruin our fun!