Strategies for Starting a Business Detroit MI

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skate boarding empire during a flat market and waning public interest.

Michigan SBTDC
(586) 469-5118
1 S. Main Street, 7th Floor
Mt. Clemens, MI
 
DEX Design Associates
(313) 833-7283
41 Burroughs
Detroit, MI
 
Kc Consulting LLC
(313) 961-3950
2727 2nd Ave
Detroit, MI
 
IMC Consulting
(313) 831-2267
1231 Selden St
Detroit, MI
 
Kpmg Kaleidoscope Media Group Inc
(313) 596-7700
535 Griswold St
Detroit, MI
 
Cb Global Info Consultants
(313) 896-1264
2211 Pingree St
Detroit, MI
 
Evans Consulting Services LLC
(313) 871-7238
7430 2nd Ave
Detroit, MI
 
Emerging Enterprise Group Inc
(313) 963-1003
2727 2nd Ave
Detroit, MI
 
Data Consulting Group Fax
(313) 566-0184
965 E Jefferson Ave
Detroit, MI
 
Celebrity Hair Brokers Detroit
(313) 757-4779
95 Monroe St
Detroit, MI
 

Strategies for Starting a Business

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skateboarding empire during a flat market and waning public interest. Here-s what Tony has to say about using tough times to your advantage:

Know it is risky, but do it anyway. "I felt like if I could start a company when skating was at one of its deadest states, then if it takes off again, we set ourselves up to be in a position of prominence and we-d just ride the wave."

Recognize the advantages of a flat market. "For someone to come in once the sport takes off, it-s just going to take way too much capital and way too much marketing money to get in a position to be recognized."

Make sure you are passionate about your idea or product. "I focused all of my energy on it because I loved it so much and I felt like, you know, I want to make this happen."

Don-t just grab deals as they come—scrutinize. "I learned the hard way not to hand everyone the keys to all your opportunities. I gave them the power to have the final say in projects and deals and it cost me."

Click here to read the rest of the article at SuccessMagazine.com