5 Keys to Starting a Business in an Economic Crisis

Apr 25, 2016
Author: Ean Barnard

That last resort may be a great idea!

Many people think an economic downturn is a wrong time to start a business, but that's not always true. Don't despair over the news on the South African economic crisis. Plenty of companies around the world started during bad times, including General Electric, Walt Disney, Microsoft, FedEx, Virgin, and Google. These giants were originally started by a few people wondering how to turn a concept into a business and they weren’t preoccupied with economic circumstances. You might be familiar with a man who founded a record company in the teeth of the recession of the early 1970s and who expanded an airline carrier through the storms of the late 1980s, and who built a mobile carrier after the dot-com crash of the late 1990s? A man who believes that there are always opportunities that come with times of crisis. So without further ado, read on for insight on starting a business during a recession as shared by business mogul – Sir Richard Branson.

2. Ensure your business or idea has a place in the market

Relevant Articles


About Us In The Press Blog & News FAQ's Contact Us Terms & Conditions Privacy Policy

Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.