Rohit Arora may not believe in the strength of the US economy right now, but he still believes that current conditions should encourage new business ventures. Arora started Biz2Credit at the height of the financial crisis three years ago. So he has put his money where his mouth is. At Small Business Trends, Arora gives four reasons that now is a good time for startups:
1) Job Growth Is Almost Nonexistent
2) Low-Cost Capital Is Available
3) Technology Makes It Easier to Go Into Business Than Ever Before
4) America Has a Heritage of Entrepreneurship
Okay, so the fourth reason is a little less scientific (indeed, Arora might make many economists roll their eyes when he credits small business for leading the US out of past recession), but the others represent classic downturn opportunities. Do you see others? And what are the primary impediments for new business ventures at this stage beyond the uncertainty of the larger economic picture? Read Arora's full post here.
Posted
10-05-2011 9:39 AM
by
Graham Griffith
Filed under: jobs, Small Business, recession, credit crunch, credit, recovery, Small Business Trends, startups in a downturn, entrepreneur, technology and business, rohit arora