Biz Miss

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The Iron is Hot January 31, 2009

Filed under: opportunities,Starting Up — bizmiss @ 1:01 am

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)

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