The downturn can actually be a good time to start a business, especially if you’ve got a future-forward idea, these founders say.
The COVID-19 pandemic has had significant ramifications on the economy. One survey found that because of the virus, 31% of small and medium-sized businesses had to close down completely, and 41% of owners had to dip into their personal savings to stay afloat. While these numbers sound grim, a downturn can actually be a great time to start a new business.
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