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If you are considering becoming a business owner, you may be wondering if now is still the right time for you to take that next step, given the current economic situation. We get that it can be an odd time to consider opening your own business, but what if we told you that you could be in great company? You heard us—some of the largest companies and most influential industry giants actually got started during or shortly after a recession. 

According to Fox Business, these companies include: 

  • WhatsApp Instagram
    • Credit Karma
    Pinterest
    Uber
    • CNN
    Slack Square
    Venmo Apple
    General Motors General Electric
    Groupon Disney

So, now we ask you a few very important questions. 

What if you lost your current job today? 

Would you have a plan B to fall back on? What if your plan B far outweighed your plan A? 

What do you and Walt Disney have in common? 

For starters, both of you have a dream and a vision. But furthermore, Walt started his conglomerate of a media and entertainment company, the Walt Disney Company, during the Great Depression era. That’s correct, perhaps one of the most recognizable companies in the world started when others cowered away from the idea of taking a chance on starting a new business. 

This pandemic has brought about new challenges for people all around the world who are in the workforce. But just as there is always a silver lining in every situation, there is also a bright side to this pandemic and our new normal. Perhaps you got stuck in the rat race of the corporate world and lost touch with your passions. Maybe you are an entrepreneur at heart, but had to set aside your dreams in order to make ends meet and pay the bills. 

Good news for all of you dreamers—entrepreneurship is in again and it will catapult you to the next level when it comes to your revenue stream and income. 

Now is the time to shift your mindset and to focus on growth and realize that there are opportunities for you to capitalize on. Companies such as F45 Training will give you the tools you need in order to make your dream a reality with scalable business models. The proper support system will allow you to take advantage of the possibilities that await on the other side of our current situation.

Surrounding yourself with people that think in the same growth mindset as you do will empower you to renew your passion project and to take the leap of faith to potentially join the best of the best on the list of successful entrepreneurs who opened their doors during a recession. 

Sources:

http://www.pbs.org/wgbh/theymadeamerica/whomade/disney_hi.html 

https://www.huffingtonpost.com.au/entry/top-companies-started-during-a-recession_n_923853?ri18n=true 

https://www.foxbusiness.com/markets/startups-great-recession 

Industry Giants That Were Founded During a Recession