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.