According to king kong sabri suby, the coronavirus pandemic has shown to people how sensitive it is to work for someone else and be employed by a company. Those who are considering a new business may as well give it a go during the pandemic.
Many people may be surprised to know that recessions are the best times to start a business. Some of the biggest companies nowadays like Uber, Square, Slack, and WhatsApp started during the 2008-2009 financial crisis. Companies like Microsoft, General Motors, and Hewlett-Packard were founded during a recession.
Start-ups have more opportunities during economic downturns than large corporations. Start-ups are agile and lean by nature and they are in a better position to navigate a rapidly changing economy. During a recession, start-ups have more access to high-quality talent that lost their jobs in large companies.
After the recession, nothing is more attractive to investors than start-ups who have proven themselves during the crisis. Start-ups that have achieved a product-market fit during the economic crisis can take full advantage of growth opportunities when the economy starts to rebound.
Starting a business may be difficult but countries like India are relaxing their foreign direct investment restrictions so that start-ups will have increased funding and growth opportunities. India is also creating a network to help Indian start-ups enter the international market.
Young entrepreneurs can get their inspiration from king kong sabri suby and his meteoric rise to the top. According to the Australian Financial Review, the digital marketing agency is now the fastest-growing agency in Australia with an estimated value of $30 million.