Here is an intereting opinion from Bob Tinker CEO MobileIron Inc.
Why do great companies get built during downturns?
- It makes them strong.
- Darwin is at work. Only really good ideas can raise capital when times are tough. Too many companies spending energy in a nascent market is distracting and destroys value.
- You can hire great people. People make the company.
- They also make more money for investors and employees.
- You catch the wave. By the time the market turns around, your product is solid, your knowledge is deep, and you have a jump on future competitors.
Indeed, I share the same opinion. I do believe that now is the best time to start a business. Unfortunately, timing is not the only thing that we have to look closely when we start a business. More than timing is something called courage (or to be precise: a willingness to deal with uncertainty). Once you have it in your heart, then now is really the perfect time to start.
Anyway, here you can find an interesting competition (open til the end of June). They are looking for “good and green” business ideas.
If you have those “good and green” business ideas (which I don’t – I do have a bad and black business idea
) and you are still lacking of courage to make it come true, then I guess it would be a nice option to enter the competition.