Surviving The Economic Recession – Startup Opportunities
Most Entrepreneurs go into business because they have an idea which they are very passionate about however, few have a good understanding of business and finance. They learn as they go, often through their mistakes.
Now, during this economic crisis they often find themselves making knee-jerk decisions, relying on intuition and losing confidence in their own ability. Motivation and inspiration are replaced by fear. Not a good place for Scotland to grow from therefore, how do we get it back?
“I know that accountants love stats and trends but I took this occasion to impress upon them the value of the creative mind and how we can not really predict with great certainty what will be the unfolding big opportunities. It was only 17 years ago that the world wide web was made available to the world and look at how it has revolutionised life at every level.
Businesses are built out of recessions. Microsoft , Burger King, Johnson and Johnson, Disney, Yo Sushi, Proctor and Gamble all started during a recession. Who knows what is bubbling under right now. That is why I love being an Entrepreneur so much.”
- Norma Corlette, Sulis Enterprises Ltd
“Norma was invited to make a presentation on Surviving the economic recession: start-up opportunities, as part of the Chartered Institute of Management Accountants (CIMA) CPD revue day. Norma’s enthusiasm was obvious throughout her short session and she certainly challenged the delegates with her hands-on, interactive approach to her subject, providing a valuable insight into the potential opportunities available.
- Janice Lowry, CIMA Global
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Comments
Hello,
It is true that lots of new products have been developed during recession. I designed a new software for Tourists and Businesses developed by an IT Scottish company, which can give jobs to around 50 people, and some days I feel really sad because I cannot find the tunnel of having problem in finance…
Also, I would say that most of the governmental institutions do not have the right idea of long-term development and new technologies.
I look forward to your comments and suggestions.
Mrs Laurence Northcote
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