General Electric, HP, FedEx, Uber, Instagram - These companies were all founded during economic downturns.
History has shown that challenging times lead to innovation and new business opportunities. While some are hesitant, others recognise that now is a great time to start a business.
Here are 5 reasons
why you should start a business right now:
1Start-up costs are at an all-time low.The UAE government have released stimulus packages and lowered fees associated with business activities. At the same time, many free zones have reduced their fees.
2Talent is available and more affordable.The pandemic has caused redundancies within various industries, meaning that more skilled individuals are looking for jobs to secure their future.
3Capturing market share is less expensive.Reactive companies are struggling to adapt to changing market conditions and advertising platforms have lowered their costs. A combination that makes it an opportune time to capture market share.
4Be ready for the economic bounce-back.Start your business now to be ready to serve the increased demand of a recovering market.
ANY EQUIVALENT OFFER ON COMPANY SETUP!