It's difficult to know where to put your money right now. Hitherto reliable stocks and shares have been tumbling over the past 18 months. Bricks and mortar is no longer the cast-iron investment many of us assumed it always would be.
Even accruing interest in a savings account is futile, as swingeing interest rate cuts, combined with the billions of pounds pumped into the economy by the Bank of England, mean your money will likely devalue in real terms.
Starting a business hardly seems like a safer option. You're hardly guaranteed success if you start one at the best of times, so isn't it a folly to start one in the depths of recession?
Not at all. Believe it or not, if you saved some cash in the good times - and you will need more up-front capital post-credit crunch - there are several compelling reasons:
Read more about starting a small business in a recession.
PingBack from http://www.midatlanticcoinopshow.com/2009/03/why-starting-a-business-in-a-recession-isnt-foolish/
There's a great new article on MSN Money, 'What sells in a recession ?', spotlighting products and industries