Strategies for Starting a Business Warren 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
 
N S Consulting
(313) 526-9615
19333 Barlow St
Detroit, MI
 
Xzun Business Consultants LLC
(313) 267-0556
5555 Conner St
Detroit, MI
 
Small Business Accounting & Computer Services Inc
(586) 274-9345
34770 Dequindre Rd
Sterling Heights, MI
 
Evans Consulting Services LLC
(313) 871-7238
7430 2nd Ave
Detroit, MI
 
Small Business Accounting & Computer Services Inc
(586) 274-9345
7325 Bernice
Warren, MI
 
Strategic Business Plans
(313) 368-9124
19264 Lamont St
Detroit, MI
 
Arrington Associates Consultants Corporation
(313) 579-9589
5555 Conner St
Detroit, MI
 
Abednego Environmental Services
(313) 824-4630
2101 Conner St
Detroit, MI
 
Ajaha Management Group
(313) 861-0370
18421 Woodingham Dr
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."

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