Plant during lean times, harvest during boom times. The best time to start a business is during an economic downturn, it gives you time to grow and develop your business so that when the economy swings back you are in a good position to make the most of it. If you start in a good period, by the time you are really up and running, the economy will be back into a down swing.
Thanks for this frank discussion, Jess! It’s definitely a tough time for balancing the household budget on even established income, but I like what you say about using the time to learn and practice. I think too that diversifying your income streams, the way you yourself have done for example, also adds financial resilience, so there’s some value there in starting a new business (inexpensively) right now as well. Glad you and Nick have been continuing to manage alright thus far!
I love how you worded this❤ my friend & I are planning to open our own businesses on Etsy (separately) & I’ve been doing so much research. I ran into your videos & they’ve been a huge help! Thank you for sharing. Feeling motivated 😁
Plant during lean times, harvest during boom times. The best time to start a business is during an economic downturn, it gives you time to grow and develop your business so that when the economy swings back you are in a good position to make the most of it. If you start in a good period, by the time you are really up and running, the economy will be back into a down swing.
Thanks for this frank discussion, Jess! It’s definitely a tough time for balancing the household budget on even established income, but I like what you say about using the time to learn and practice. I think too that diversifying your income streams, the way you yourself have done for example, also adds financial resilience, so there’s some value there in starting a new business (inexpensively) right now as well. Glad you and Nick have been continuing to manage alright thus far!
Oh yes, I probably should have mentioned diversifying income streams - though that could be a whole other video!
@@JessVanDenwould love to see that as an additional discussion down the line
I love how you worded this❤ my friend & I are planning to open our own businesses on Etsy (separately) & I’ve been doing so much research. I ran into your videos & they’ve been a huge help! Thank you for sharing. Feeling motivated 😁
So glad you have found them helpful!