Many might argue that that now during an economic downturn is a bad Essay

Many might argue that that now during an economic downturn is a bad time to start a business. What do you think - Essay Example Therefore, business startups get appropriate opportunity for retaining the customers when the economy improves. During weak economy, the incumbent bug businesses are vulnerable. This presents appropriate chance for the star ups business to succeed due to their agile and flexile nature. Startups can survive the downturn through minimal overheads. During downturns when established businesses are laying off staffs, the startups can benefit through easily finding talented and competent employees with minimal recruitment and remuneration expenses (Summers 119). Businesses that operate during poor economic performance experience less and weak competition. Startups provide startups with high negotiation abilities. Traditional suppliers experience financial challenges during economic downturn. Startups hence have high advantage in determining the value of supplies (Romer 212). There are many reasons and business models that encourage starting a business during weak economic performance. Hence, entrepreneurs should take adequate advantage of business opportunities during economic