The Iron is Hot

As Warren Buffett once said, “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”  In other words, now is a great time to invest in your business.

In even more words from Rebecca Lynn, Principal of Morgenthaler Ventures, “A recession is the best time to start a company. The opportunity cost is low, hiring good people is relatively easy, rent and equipment are cheap (sometimes free) and established competitors are focused on reducing costs & staying in business, not on innovation. The key is being in a good position when the economy picks back up.” (via Women 2.0 — more on them in a future post)

Leave a Reply

Your email address will not be published. Required fields are marked *