Bad Times Are a Bad Time to Start a New Company? Tell That to GE, IBM, and GM.

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

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