Companies get stupid in a weak economy. They make decisions to save money that don't necessarily make the best business sense, such as eliminating lines of business, reducing customer service and product quality, or cutting back on marketing. This creates opportunities for you to exploit their weaknesses. Don't be discouraged from starting a company. One of the first victims of a weak economy is easy credit.
Banks get timid and credit card companies toughen standards.
Prepare by asking to raise your limit on existing credit cards or lines and apply for additional credit cards now. Improve your credit. Some benefits, such as many bank loans, are only available to companies that have been in business for at least a year or two. As the economy softens, big companies eliminate or reduce in-house staff. Instead, they turn to outsource solutions, especially in areas such as graphic design, training and legal services.