Why recession can be good time to start business

Why recession can be good time to start business

The UK is officially in recession and the next few months will bring more job losses, more gloomy statistics and more hardship.

But it could also provide an opportunity for some people to start their own business.

In the early 1990s, during the last recession, thousands of people who were made redundant decided to set up on their own.

So for some people, redundancy turned out to be a blessing in disguise.

Robyn Jones is a successful businesswoman who runs her own catering company, Charlton House Catering. This year it's likely to have a turnover of £80 million.

The company employs around 2,000 people and has over 150 clients, but it was not an easy start.

Robyn Jones was made redundant from her job in the catering division of a construction company in 1991, just as the UK went into recession.

Banana boxes

Robyn admits that redundancy was - initially - a huge blow to her confidence and that she and her husband worried about how they would pay their bills, but she also recognised that it could be an opportunity.

Read more @

The only problem with the above is that you need an idea. An idea and some finance.

The two problems with the above are that you need an idea and Finance. An idea, the finance and a good work ethic.

Amongst the problems with the above are the need of an idea, the financing and a good work ethic.

"For too long, we have been a passively tolerant society, saying to our citizens 'as long as you obey the law, we will leave you alone'" - David Cameron, UK Prime Minister. 13 May 2015.