We’re likely heading into a recession. Our likely next president’s likely tax hikes on the job-creators will likely push us further into a recession. So it must be a horrible time to start a new company or invest in one, right?

Not bloody likely. (”wrong”)

Andy and I started DaytradeTeam.com in 2000. We were giving stock trading advice shortly after the bubble had burst and traders were a dying breed. We started SUPER lean and were actually profitable on day 1. We didn’t know about funding, we only knew we needed to make money, so we did.

Over the next few months cash was king and we figured out how to stay profitable but grow slowly. This is when funding would have been a sling shot to our success. Unfortunately we were ignorant on the subject, so we simply just kept grinding out profits and slowly grew the business. 6 years later we sold it to a private investor.

The point I’m making is that when times are tough, the lean will survive.

Now is the time to focus on lean businesses that generate cash quickly. Prove you can be profitable within a few months then go get some funding. By the time the economy hits an expansion period, your business will be streamlined, profitable, funded and ready to absolutely blow up.

i.e. if you can make it now, you will be successful.