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{"id":5673,"date":"2022-10-11T17:15:23","date_gmt":"2022-10-11T17:15:23","guid":{"rendered":"https:\/\/www.forwardai.com\/knowledge-center\/?p=5673"},"modified":"2022-10-11T17:15:36","modified_gmt":"2022-10-11T17:15:36","slug":"is-it-smart-to-open-a-business-during-a-recession","status":"publish","type":"post","link":"https:\/\/www.forwardai.com\/knowledge-center\/press\/is-it-smart-to-open-a-business-during-a-recession\/","title":{"rendered":"Is It Smart To Open A Business During A Recession?"},"content":{"rendered":"<p>Can you feel inflation eating away at your income? Are you worried matters will only get worse as the nation dives deeper into recession? Perhaps you\u2019re eying that favorite hobby of yours, wondering if you can tweak it a bit to bring in some much-needed revenue.<\/p>\n<p>What\u2019s holding you back?<\/p>\n<p>If you\u2019ve spent the bulk of your career working for someone else, it\u2019s only natural to wonder if<span>\u00a0<\/span><a class=\"advisor-link\" href=\"https:\/\/www.forbes.com\/advisor\/business\/how-to-start-a-business\/\" target=\"_blank\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/advisor\/business\/how-to-start-a-business\/\" aria-label=\"starting a business\" rel=\"noopener\"><strong>starting<\/strong>\u00a0<strong>a<\/strong>\u00a0<strong>business<\/strong><\/a><span>\u00a0<\/span>right now is worth it. You can be on the cusp of retirement or even in retirement. Sure, you enjoy helping people, but wouldn\u2019t it be easier just to give it away for free and cut back on other expenses?<\/p>\n<p>Well, no matter what your age, a healthy challenge can invigorate the soul.<\/p>\n<p>\u201cStarting a business can be an exciting responsibility to take on for many people,\u201d says Nick Chandi, CEO and Co-Founder of ForwardAI in Vancouver, British Columbia. \u201cIt\u2019s also a great opportunity to turn your weekend hobby into a cash-generating activity. Starting a business with inflation and a looming recession could mean an additional cash flow stream that helps people stay financially prepared for the economy.\u201d <strong><a href=\"https:\/\/www.forbes.com\/sites\/chriscarosa\/2022\/10\/05\/is-it-smart-to-open-a-business-during-a-recession\/\" target=\"_blank\" rel=\"noopener\">Read more on Forbes.com<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can you feel inflation eating away at your income? Are you worried matters will only get worse as the nation dives deeper into recession? Perhaps you\u2019re eying that favorite hobby of yours, wondering if you can tweak it a bit to bring in some much-needed revenue. What\u2019s holding you back? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-5673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is It Smart To Open A Business During A Recession? - ForwardAI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.forwardai.com\/knowledge-center\/press\/is-it-smart-to-open-a-business-during-a-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is It Smart To Open A Business During A Recession? - ForwardAI\" \/>\n<meta property=\"og:description\" content=\"Can you feel inflation eating away at your income? Are you worried matters will only get worse as the nation dives deeper into recession? Perhaps you\u2019re eying that favorite hobby of yours, wondering if you can tweak it a bit to bring in some much-needed revenue. What\u2019s holding you back? 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