Business Link says recession encourages startups
Wed, 23 Sep 2009
Many people may have been added impetus to start a company during the recession, it has been suggested.
According to Business Link adviser Ganesh Selvarajah, the downturn has given many individuals "food for thought" in the sense that they are looking at self employment as a "definite alternative" to employment.
He claimed that this is especially the case for the younger generation who may feel there could never be a career for them in the traditional form.
Mr Selvarajah commented: "A lot of start-ups we have seen have come from young people who have been quite imaginative when it comes to launching a product or service for their own generation.
"They have come up with some interesting business solutions and spotted some good gaps in the market."
He suggested that for those able to access the necessary finance and develop their idea or product, the small business sector can be very welcoming.
Last month, Domain Informer editor Kabir Bedi noted that starting an internet-based company can be a cheap option for those wishing become self-employed.
He explained that there are a variety of tools and cheap hosting solutions available on the web, while savings can be made by avoiding spending money on premises and equipment.
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