Paper Topic:

Economics

Economics-Should I start a new business Abstract

No , it is not wise to start up a business in the prevailing economic situation thus it is better to wait for the right time . The factors that have been considered prove that the overall condition is truly bad and opening up a new business will prove futile and bad . In fact as the unemployment statistics show it is obvious that giving up on a job in hand to start up a new business is not going to be a wise decision since lay offs

and downsizing show how difficult it is to attain employment in the prevailing economic conditions . The factors show an increase in unemployment and also a bad credit situation due to which attaining a loan to start up a venture will be nearly impossible . Opening up a new venture according to the economic reasoning done in this case give a pessimistic view of the entire situation . The credit crunch has proved to be much worse for small companies and new ventures then any other part of the economy . The analysis proves the fact that opening up a business will be futile and will also prove to be bad since there is a huge risk with the pertaining economic conditions where unemployment is increasing continuously and lending standards are being tightened tremendously . The assignment included six factors that were used to support the decision which include increasing job and a slow economy credit crunch , small businesses are hurting , the economy...

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