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Small Business Success in a Down Economy

April 7th, 2009 by admin No CommentsNo Comments

Whether your goal is small business success or big business success, an economic downturn may be the perfect time to start your business.

Several well known and very successfull companies started in a recession and went on to become household names. A common thread in all of these ventures is the entrepreneur’s dream, hardwork, successful thinking, planning and good old fashioned small business management techniques.

Let’s take a look at some recessionary periods and successful companies started during those times:

Recession July 1953 to May 1954
Burger King – year started 1954 Food Service/ Fast Foods

Recession Aug 1957 to April 1958
Trader Joe’s – year started 1958 Grocery

Recession of November 1973 to March 1975
Microsoft – year started 1975 Computers/ Technology

Recession of January 1980 to July 1980
CNN – year started 1980 Media

Recession July 1981 to November 1982
MTV – year started 1981 Media
Fedex- year started 1973 Shipping/Mail Services

Recession March 2001 to November 2001
Wikipedia Web Information/Media

Some areas to consider for new businesses in a recession are fast food, energy, education, environment, healthcare.

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Filed under: entrepreneur assistance, entrepreneur development, entrepreneurship, recession, small business advice, small business consulting
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