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Hard Times for Some Make for Good Times for Other Businesses

Starting Up in a Down Economy

Nobody loves a recession*. But many successful entrepreneurs say that, in retrospect, they were lucky to have launched their businesses in tough times.

From: Inc. Magazine | By: Ryan McCarthy, Nadine Heintz, Bo Burlingham

Case Study No. 1: How Method Weathered the Dot-com Bust

* A recession is commonly defined as two consecutive quarters during which the country’s gross domestic product shrinks. It is too soon to say whether the economy is in a recession now.

When they look back on the early days of their start-up, Adam Lowry and Eric Ryan remember that a lot of potential investors laughed at them. The Bay Area, where they were living, was awash in Internet start-ups.

For the entire article go to Inc.com

Yesterday the stock market was in the toilet. It has been bad lately, but yesterday it took another major dip. If we are not in a recession, we are still in something pretty lousy. There is a definite economic downturn and with the two presidential candidates espousing mainly the usual sound bites, it leaves the rest of us wringing out hands.

But then in the down economy there will be businesses who flourish. In the past depressions and recessions there are businesses that found their way to either win their way to the needs and fantasies of the greater masses or have focused their goods and services to meet the luxury desires of the more affluent. So whether you go wide or narrow with your goods and services there are ways to make some money.

And when you are making money, chances are you are hiring new employees. You should be running background checks on your new job candidates so that as you lift your business off the ground it doesn’t suddenly plummet, thanks to incompetent workers. Incompetent, duplicitous and thieving employees can do more to end your winning streak than just about anything else.

Corra will offer preemployment screening packages and other background checks to meet your growing business’ future needs.

Check them out before you hire. Call Corra.

By Gordon Basichis

Gordon Basichis is the Co-Founder of Corra Group, specializing in pre-employment background checks and corporate research. He has been a marketing and media executive and has worked in the entertainment industry, the financial, health care and technology sectors. He is the author of the best selling Beautiful Bad Girl, The Vicki Morgan Story, a non-fiction novel that helped define exotic sexuality in the late twentieth century. He is the author of the Constant Travellers and has recently completed a new book, The Guys Who Spied for China, dealing with Chinese Espionage in the United States. He has been a journalist for several newspapers and is a screenwriter and producer.