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"DONE DEAL - Modulex is India’s first full fit-out steel modular buildings company, who construct permanent buildings using UK developed steel modular technology."
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Why Startup Companies Should Not Listen to Talk About the Recession and Charge Ahead
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According to experts, a poor economy is not a good enough reason to push back your entrepreneurial plans..
“Many people think a bad economy is a bad time to start a business,” says Mike Lebus, co-founder of Angel Investment Network. “But the entrepreneur is the only person standing in the way of his or her success.”
As a matter of fact, Lebus says that the economy’s current instability may actually provide a few advantages for those looking to start their own company. Though many entrepreneurs worry that fewer business angels are making investments right now, active angel investors are looking for businesspeople that have the confidence and know-how to sell their ingenious startup ideas in the face of a recession.
“Angel investors need to have faith in the founders of the startups they invest in,” notes Lebus. “Plus, investment basics 101 will tell you to ‘invest when times are bad and sell when times are good.’”
Aside from startup funds, entrepreneurs can also make the most of the dwindling economy in other ways. For one, they have a bigger pool of talent to recruit from. With high-level management types being laid off and plucky upstarts scrounging for work, new business owners can find quality team members in 2011 much easier than it was when everyone was comfortably employed.
Also, startup business costs in today’s marketplace can be much more manageable than the overhead of an already established company. These days, business entrepreneurs can find good deals on office space, goods and services because other businesses are willing to make deals in order to stay afloat. Startup companies have the unique ability of streamlining all sorts of costs and overhead from the beginning and don’t have to worry about losing a customer base; instead they’re focused on building one, which thanks to modern technology and the web, is much easier to get started on than in years past.
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