Strategies for Starting a Business Poughkeepsie NY

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skate boarding empire during a flat market and waning public interest.

Mid-Hudson SBDC
(845) 339-0025
One Development Ct.
Kingston, NY
 
CMS Consulting Services
164 Guilford School House Road
New Paltz, NY
 
Christina Bark, Business Advisor
(845) 332-0886
P.O. Box 986
New Paltz, NY
 
Council of Industry
(845) 565-1355
6 Albany Post Road
Newburgh, NY
 
Binghamton University SBDC
(607) 777-4024
7A Harriman Campus Road
Albany, NY
 
WET-TEK
(845) 255-7400
PO Box 1043
New Paltz, NY
 
Ann Barber Consulting
(845) 255-1777
92 Sparkling Ridge Road
New Paltz, NY
 
Petro McCrum Consulting, LLC
(845) 566-0391
1662 Route 300, Suite 126
Newburgh, NY
 
Watkins Glen Outreach Center
(607) 962-9461
2 North Franklin Street
Watkins Glen, NY
 
Brooklyn
(718) 797-0187
25 Chapel Street, 11th Floor
Brooklyn, NY
 

Strategies for Starting a Business

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skateboarding empire during a flat market and waning public interest. Here-s what Tony has to say about using tough times to your advantage:

Know it is risky, but do it anyway. "I felt like if I could start a company when skating was at one of its deadest states, then if it takes off again, we set ourselves up to be in a position of prominence and we-d just ride the wave."

Recognize the advantages of a flat market. "For someone to come in once the sport takes off, it-s just going to take way too much capital and way too much marketing money to get in a position to be recognized."

Make sure you are passionate about your idea or product. "I focused all of my energy on it because I loved it so much and I felt like, you know, I want to make this happen."

Don-t just grab deals as they come—scrutinize. "I learned the hard way not to hand everyone the keys to all your opportunities. I gave them the power to have the final say in projects and deals and it cost me."

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