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[Need Advice] Starting a business during the COVID-19 pandemic

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hameedhudeen

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Aug 14, 2018
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Hello,
I'd like to have your advice on whether I should start my business during this crisis.

I have been working on this business for the past 6 months. It is an e-commerce business. The website is ready, most of the work in material sourcing and manufacturing are done. The product is going to be an affordable, mass market one.

The thing that have been bothering me is, in a second world country like mine, most of the businesses have been hit due to complete lockdowns and the purchasing power of the working class people has went done considerably.

So should I start my business now, or should I wait for the economy to recover?
 

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MrTrash757

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
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May 31, 2020
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Grand Rapids, MI
Hello,
I'd like to have your advice on whether I should start my business during this crisis.

I have been working on this business for the past 6 months. It is an e-commerce business. The website is ready, most of the work in material sourcing and manufacturing are done. The product is going to be an affordable, mass market one.

The thing that have been bothering me is, in a second world country like mine, most of the businesses have been hit due to complete lockdowns and the purchasing power of the working class people has went done considerably.

So should I start my business now, or should I wait for the economy to recover?


Some of the world's largest and best businesses were founded during periods of depression/recession.

Its a great time to launch a business, or in my case, acquire them.
 
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H

hameedhudeen

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Aug 14, 2018
8
5
16
Thank you, it would be nice if others can give your advice as well.

This is my first venture, so your advices will be invaluable for me :)
 

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