Bright Side of Recession

As a business owner, you may be experiencing some high levels of stress right now. You might look at the title and wonder if there is such a thing as a bright side. For those of you who consider yourselves to be entrepreneur's, there is a bright side.
If you take a look at some of the past recessions, there are some big companies that were started right in the middle of them. Towards the end of the Great Depression, in a garage in Palo Alto, Bill Hewlett and Dave Packard used $538 to start up an electronics manufacturer. This manufacturer has become well known as Hewlett-Packard, or HP.
Do you like pancakes? If so, you can be glad for the Eisenhower depression. The first IHOP opened its doors during that time period. IHOP started franchising just 3 years later, and now there are more than 1,300 locations across the US.
So, you see, a recession can end up having a bright side. These are only two of many examples. If you got laid off, and feel like you have an idea for starting a company, don't just sit there! Get out there and get things rolling. Maybe next time we have a recession, we will be reading about your company, and how well you blossomed during a tough time.


The Bizfisher

7 Comments

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• Brilliant! What a great way to look at this recession. If more people looked at these times with a positive attitude we wouldn't be in a recession at all.
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