Is your business in recession?

One of the small business blogs that I catch up with each week is the Tall Poppy Blog. A worthwhile click through and bookmark!

Picture by Andreas Kammel (c) 2005

One of the posts recently stuck with me over the last week, it was called "Is your business in recession?". Quite a few people have asked me whether I am adventurous in starting a small business in this "economic climate". Is there any good time to start a business? The fact that people are strapped for cash generally means that they will look to purchase something unique, and longer lasting rather than cheap and nasty.

Taken from Anne's blog (I hope she doesn't mind me re-posting!):

There was a man who lived by the side of the road and sold hot dogs. He was hard of hearing so he had no radio.He had trouble with his eyes so he read no newspapers. But he sold good hot dogs.He put up signs on the highway telling how good they were. He stood on the side of the road and cried; buy a hot dog, mister? And people bought. He increased his meat and bun orders. He bought a bigger stove to take care of his trade. He finally got his son home from college to help him out.

But then something happened. His son said, “Father, haven’t you been listening to the radio?” “Haven’t you been reading the newspapers?”“There’s a big depression.” “The European situation is terrible. The domestic situation is worse.” Where upon the father thought, well, my son’s been to college, he reads the papers and he listens to the radio, and he ought to know.

So the father cut down on his meat and bun orders, took down his advertising signs, and no longer bothered to stand out on the highway to sell his hot dogs. And his hot dog sales fell almost overnight. “You’re right, son” the father said to the boy. “We certainly are in the middle of a great depression.”