Entrepreneurs thinking about starting a new venture should act now! If you hold out for better market conditions, you may be bypassing the opportunity of a lifetime.
While, a pair of countervailing trends –- the slowly recovering national economy and a pull-back in later early-stage funding — are keeping things interesting for entrepreneurs, stubborn recession conditions create inexpensive office space and technology trends, such as cloud computing, that temper the need for large amounts of outside funding to get new companies off the ground.
ProfitBricks has created this infographic to illustrate that:
1) creating a startup now is cheaper than ever before
2) there are new sources of funding available, and
3) the lingering economic issues can reduce competition
Do you agree that it is now “Start-up Time in America”?