Having returned from my trip through Africa almost a fortnight ago, I’m back to where I was before I left, slowly working on the business. It seems however that the country, or at least our economy isn’t quite the same as before I left. Sure it wasn’t exactly as healthy as it has been in recent years before I went but at least no one was using the “R” word.
Recession, it’s a word that worries me. It’s the general feeling of the unknown felt by everyone as they try to guess just how bad things might get. Unemployment is at the same level as it was in the middle of the last recession in 1991 and retail sales are down to their lowest level for two and a half years. I won’t mention home repossessions or increasing debt. It all just makes me wonder if I should bother. I mean, if I set up a business which relies on people buying car number plates (which many people consider frivolous) will there actually be enough of a market for it left? Should I just cut my loses and get a job?
0 Response to “Starting up a business in a recession”