Sometimes a downturn /crisis /depression /recession /deflation /stagnation /stagflation /panic can be the best time to start a new company.
Yes, bank credit is tight, but companies of all kinds are giving discounts on their products and services. Employees are easier to come by. Have you posted a job opening lately? You better have a big inbox.
Here are five companies that started during tough times:
Procter & Gamble – Panic of 1837
IBM – Long Depression of 1873-1896
GE – Panic of 1873
GM – Panic of 1907
FedEx – Oil Crisis of 1973
Read more: http://tinyurl.com/d3qwbf