Graphic by: Global Economic Intersection Times of economic woe don’t mean you have to tuck-in your entrepreneurial spirit and settle for whatever job you can get. In fact, economic slowdowns can be prime opportunities to get your startup off the ground. Don’t believe it? Ask General Electric, IBM, Microsoft, Facebook, Disney, Burger King or Apple [...]
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Whether he meant to or not jolly old St. Nick created one of the most recognizable and beloved brands in the western world; one that children have adored and parents embraced for centuries. Santa Claus has endured wars, depressions, scrutiny (is he real or not??), imposters who tried to tarnish his image (ala The Grinch), and even [...]
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It’s always difficult to keep an upbeat view during hard times, and to remember that there are always opportunities for those who look close enough. Still, without those doggedly incurable optimists, we would still be plodding along without the benefits of some iconic inventions. A list of Recession Inventions: Success Stories in Bad Times, was [...]
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I’ve seen it in past recessions–more startups. I have only anecdotal evidence, no statistical data, but it still seems like a natural pattern. Some of the people laid off end up starting new businesses instead of finding new jobs. Over at Small Business Labs, Steve King posts Recession Drives New Businesses. He cites three major-media [...]
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I got this list from the Kaufmann Foundation. These are all companies that started up during a recession or down stock market. They’re in alphabetical order. 3M Adobe Systems Amgen Apple Bath and Body Works BET Broadcom Buffalo Wild Wings CNN Chevron Dave and Buster’s Disney Electronic Arts Enterprise Rent-A-Car Exxon Mobil FedEx Gallup Genentech [...]
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Joel Spolsky, founder of Fog Creek Software, posted Is the Tech Recession Over? yesterday on his Joel on Software blog. He wrote: OK, it’s just one data point. All I know is sales of FogBugz and Copilot. But what I’m seeing is this: October-December 2008 were terrible—sales were 20% lower than usual—but starting January 5th, [...]
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Honestly, I wasn’t paying much attention to these ADP reports until the downturn really went sour last September. I posted on them a couple of times when small business employment grew, slightly, in the midst of bad news almost everywhere else. And now it seems like cheating if I don’t keep up with it, as [...]
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Wow, the ideas just keep rolling in. Look at this opening for a press release. Start with the problem, and tag the problems of the day: Palo Alto, Ca, November 25, 2008 — With unemployment rising, stress due to job and financial insecurity in the U.S. has skyrocketed in the last eight months. 57 million [...]
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(Note: I posted this earlier on Small Business Trends. I’m reposting here for the convenience of my readers at Entrepreneur.com. Tim) A couple of weeks ago a well-known local restaurant with 40-some employees closed its doors on a Monday morning without telling anybody in advance. Employees arrived Monday to a sign saying the business had [...]
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Who says it’s not a good time to start a company? “My phone is ringing off the hook,” said Roxanne Usleman, a psychic in Manhattan. Ms. Usleman, who says she channels angels to advise her clients on interpersonal and financial matters, reported both a spike in traffic on her website and a significant surge in [...]
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