1. You will build your business on a foundation of frugality, which will benefit you in the long run. Knowing how to keep costs low is a great lesson to learn in the beginning.
2. Great talent is available in the job market.
3. Customers are looking for value. They want more for less and if your business or product provides this, you will succeed.
4. Contrary to popular belief, banks and venture capital firms are willing to lend money to great ideas. They want to transform the market place.
5. You will be poised and prepared to catch the upturn of the economic market when it starts to rise.
6. Your new employees will have great attitudes and less ego. They will be excited, focused, and appreciative to be a part of a budding business.
7. Being laid off can be a blessing in disguise because it allows you to spend your time and energy on building your own business.
8. Innovation will be built into the fabric of your company because you and your team will have to be inventive and creative to stand out.
9. Office space, vendors and suppliers are cheaper than ever.
10. You can get great press right now by showing that your company has an alternative view in the market place.
THE AUTHOR OF THIS BLOG ARTICLE IS NOT A LAWYER AND HARVARD BUSINESS SERVICES, INC. IS NOT A LAW FIRM. THE ARTICLE ABOVE IS NOT INTENDED AS LEGAL ADVICE AND SHOULD NOT BE TAKEN AS LEGAL ADVICE. THIS SHORT ARTICLE IS STRICTLY TO MENTION SOME ASPECTS OF DELAWARE’S CORPORATION LAWS AND/OR LAWS RELATING TO OTHER FORMS OF ENTITIES WHICH YOU MAY NOT BE FAMILIAR WITH. WE RECOMMEND THAT YOU CONSULT WITH A LAWYER BEFORE FORMULATING A STRATEGY WHICH WILL BE SUITABLE FOR YOUR SPECIFIC CASE.