Thursday, November 13, 2008

Economic burst, or economic opportunity?

It all began with the subprime crisis in US at the beginning of this year and yet nobody is able to see light at the end of this dark tunnel. Nobody knows when this turmoil would wound up, for the happy times to return.

It has shut-up Analysts world over as the predictions have lost their sheen. Although, Indian economic situation hasn’t yet worsened to the extent of US, it surely is bound to face the waves from west.

Stock price of blue chips have tumbled by almost 60-70% than their peaks in January 2008, tempting investors to invest more money, but also fears them off from the continued shocks being passed by global cues. The big question is, is it the right time to invest or wait and watch the meltdown?

Economists say, “Recession is the best time to start a new venture. You get everything so cheap”. This looks true to an extent, you have ample money in hand during recession. Due to job cuts, people are ready to work at throwaway cost. Not only the cost, you get enough choices as well as skilled manpower. We also see property prices/rentals going down drastically. This makes way for cheaper option to setup or buy your own office.

Current phase is being looked upon as a normal economic cycle, by some. This phase has it’s turn every 5-7 years and lasts no longer than a year or two. Entrepreneur able to sail through these rough times will emerge a winner during economic boom.

It’s a matter of patience and perseverance.

1 comment:

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