
Recession and Entrepreneurship in 2020.
Someone once said that humanity is at its best when faced with great adversity, or something to that effect. This statement is as right now, as the day when coined. With a recession slated for 2020 or 2021, we have to look to entrepreneurship to drive economic growth.
Today, around 66{abb65e2b6815f549a727af2ea9f3a377a727ddc064972a198a74f88a6b766686} of economists are expecting a recession to hit before 2021. Slowdowns, however, can also be seen as opportunities, for companies rich in resources (cash), a recession can mean healthy investment into product innovation. And when those same products launch as the economy is coming out of recession, it means pole market position. After all, this is what Apple did with the iPhone.
(more…)