I've got a product idea in the outdoors niche I've been chewing on for a while and I am wondering if now is a good time to start development of it. Of course, most of you guys will say "the best time was yesterday", but I'm trying to stay cautious moving forward.
I think we may be going into a recession if not already in one, and am wondering how that's going to affect my idea near term. I don't want to launch into a recession when consumer spending has dried up.
On the other hand, we could very well see a massive upswing in spending on travel, camping, hiking, etc once the restrictions are lifted. Add to it that gas is cheap so recreational travel might see a boom too.
What are your thoughts about developing during this "silence", and riding the wave up to launch a business?
Perhaps I can get a piece of one of the biggest wealth transfers in history...
I think we may be going into a recession if not already in one, and am wondering how that's going to affect my idea near term. I don't want to launch into a recession when consumer spending has dried up.
On the other hand, we could very well see a massive upswing in spending on travel, camping, hiking, etc once the restrictions are lifted. Add to it that gas is cheap so recreational travel might see a boom too.
What are your thoughts about developing during this "silence", and riding the wave up to launch a business?
Perhaps I can get a piece of one of the biggest wealth transfers in history...
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