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A recession is the best time because there isn't as much competition

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The opposite actually - why stay at a mega corporation that would lay you off at a moments notice?

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no

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More millionaires were made during the great depression than any other time in American history

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Depends, do you do foreclosure work or real estate transactions, ;)

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Now is the best time especially because the job market is declining.

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If you're following Geoffery Moore's adoption curve, you won't be generating cash for at least a year. Rather, you'll be selling the alpha version of your product to Early Adopters, who won't have any money for you. Instead, they'll be your references when you start chasing companies with budgets. So, make sure you have lots of cash for that first year to 18 months - either your own or investment from Angels. To answer your question - starting a company during down economic cycles makes sense because budgets are tight and talent is plentiful. Then, when you get past the Early Adopter (free) phase, the economy has typically turned around.

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Not at all, I have started 3 businesses since 2020 and all are profitable and doing well.

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yes💯

On it at the moment 😂

But at the same time, I want to try again in development before finally I choose to retire and focus at enterpreneurship

Many great answers. I agree in that this is actually the best time to start a business. Depends of course what you have in mind. What do people need to spend their money on. Supply a need or a solution.

Related Posts

Any advice on how to create a killer competitor comparison? I need to compare healthcare staffing companies—market growth, messaging, etc.?

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Who knows what I mealprepped for the week? 😋🥰🇱🇧

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Hello Fishes,

Trust, you all have been doing well.

I have gone through many success stories.

Would like to take a step and would like to share my profile for Scrum Master / agile coach profile.

Kindly extend you assistance by commenting or sharing your email ID so that I can share my profile.

I love to work directly with business owners.

Keeping my fingers crossed until magic happens.

Regards
Abhishek Malhotra

I currently work for a manufacturing company and worked my way from an entry level customer service role to a high visibility operation leadership role in 5 years. I currently handle the master schedule, forecast and SIOP process and want to expand on that… I have done all of this with only my GED… I want to grow more and I do not have the right people in my life that can direct me to the right degree. I truly found something I love to do but need the degree to open more doors. Help!

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Got the degrees and have previous experience working in Analytics, cant seem to catch a break at EY. Anyone wants to refer me for analytics roles?

Hey 🐠🐟🐡, do you know how can I send a cake to India with one-day delivery? TIA

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Bye bye Accenture!

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Is it fair for divorced parents to take up two parent/teacher conference slots? I don’t think it is. I would love to hear your thoughts about this and how it os handled at different schools.

How many of you are using MBA consultants (mbamission, Stacy Blackman, etc)? Planning to do a full app blitz in R2.

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Hi fishes,

Looking for a change and I would appreciate any referrals.

Current organization - Accenture
Position - Customer Service Associate (2.5 years)
Overall YoE - 4 years.
Highest education - Masters of Science

Looking for a non voice role, currently working for a leading US telecom in chat process!

Thanks and please reach out to me in DM's or comment here if your dms are not enabled :)

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I have two kids and I am looking to buy a SUV. My budget is around $40K. I have many options but I can buy a brand new Grand Cherokee or a used Q7. What would you do? What other suggestions are there?

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Who is a bigger disgrace - Nixon or Trump or someone else?

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I decided last week to actively look to leave not only my job but my industry, and felt really good and positive about it. Today I've woken up feeling daunted and unsure about it.

Ive sat with it for a while and I think it's because - and some of you can rightfully get your tiny violins out here - I haven't actively applied for jobs since I was a grad. Every job I have had has come from connections or referrals, but now I'm actively putting myself out there, I feel vulnerable.

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Is restructuring actually that hard to break into?

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It's Christmas, and if you can't tell the truth at Christmas when can you?

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likefunny

Hi All, Northern Trust HCL Technologies

Northern Trust-20 fixed and 1.5 joining bonus-role scrum master
HCL Technologies- CTC 27(23.5 fixed and 3.5 variable)- role- lead business analyst
YOE-7

Please Suggest which one is good to accept?

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How long does the firm give a first year staff before they consider firing her for performance?

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Planning a wedding! How did you all split costs for the big day across families?

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Seafood Ceviche recipe anyone? Appreciate it!

Additional Posts in Startups and Entrepreneurship

Anyone considering any software projects this new year?

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Partnership deal - is this a good deal?
I’m working on building a start-up. This requires an app and a website. A friend of mine has a web development company who can do the job for me very well and efficiently. He really likes my project and offered a partnership: i pay him $30k and he gets 20% equity.
He also gave me the option to be ‘treated as a client’ and deliver my project at a normal rate (about $80K), should I not want to partner.

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Can anyone recommend good books or articles on startup org charts and hiring? Think we’ve hit early signs of product/market fit, but not sure who to hire next, in what order, and how the org should evolve over next few years.

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What do people recommend for start-up relevant marketing resources/books/personalities/podcasts?
I have a lot of enterprise marketing experience, but making a jump to a startup and want to get up to speed as quickly as possible.

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Considering an exit to a startup that just completed a solid series B. They’re willing to provide competitive comp package and surprised how large the base is for a startup. Has me concerned about being on the high end and being the first person that comes to mind when it’s time to pinch a few pennies or clean up the books ahead of future rounds/IPO. Valid concern or am I overthinking it?

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Hi all, I am looking to get some recommendations on acquiring funding (pre-seed and seed level) We have a solid product and platform for users (ecommerce marketplace) but we now need more funding for advertising/marketing. Interested to hear how others have acquired funding in the past. Thanks!

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Was wondering if anyone here could share thoughts on the topic of third party marketing. Specifically, looking to gauge any appetite for offering coupons/incentives to potential customers through a third party. The third party would distribute these incentives on an action-gated basis to users of a mobile app. Does this model look familiar to anyone? Anyone on the marketing/incentive issuer side see a formulation that would be attractive?

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When launching a company how important is it to get legal advice / have a lawyer look at your company prior to launch? (Already have developed the llc)

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I’ve been reading Walker’s book “buy then build” for acquisition entrepreneurship. Anyone here consider themselves and acquisitions entrepreneur?

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My boss just gave their notice (3rd boss in 2 months) and told me to get a new job based on “mud within the executive level” of the organization (~5 years, 2 rebrands, etc). I’ve been there for 18 months. Looking at the recession expected to hit Canada in early 2023, I feel stuck; hiring is slow everywhere but jumping ship now means I’ll be the “last in the door” at most places. How would you navigate this? The decision will be made either way, but ideally I could move into something better.

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Is anyone using or aware of a tool, system, or workflow that facilitates double-blind data entry with the additional element of a third-party validator (or, referee) to adjudicate any discrepancies and ensure accuracy of coded data?

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What companies have the highest paid ux designers? How much for masters at top design school and 25 plus years experience?

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Recently saw a bounce house rental business for sale. Any thoughts on purchasing a business like this? Seems to have good cash flow.

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Has anyone started a professional / networking organization?

I want to build one for a specific niche, and looking for guidance on how to get started (charters, org structure, networking/development ideas, member recruitment & benefits, funding, etc.)
Any resources would be appreciated. Thanks in advance!

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Looking to be involved in a side gig/start-up. What is the best way to begin looking to get involved?

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I am looking towards investing in a couple of businesses, how do I go around it? are there any businesses looking for investors?

As a new startup, what are some of the security measures you would take to make sure data safety

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What are the best job sites for Series C —> IPO marketers or in-house creatives? LinkedIn? Angellist?

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Recommendations on the best podcast, book, or other medium to learn more about “entrepreneurship through acquisition”?

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