Interestingly enough, during and immediately after a period of recession is when new business start ups spike. You’d think that opening a small business during a recession would be the last thing on anyone’s mind, but the reality is that the opposite is often the case—especially in the construction industry where specific trades and skills such as custom design in niche areas proliferate.
The main reasons that new business start ups spike during recessionary times are:
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When skilled employees are let go from companies that are feeling the pinch
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When skilled employees leave companies because they are tired of cut backs
But these workers still need to provide for themselves and their families, so the obvious choice, considering their skills, is to go it alone. And oftentimes they do very well—for a variety of reasons:
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being small means being lean, and that’s the best way to get through a recession
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small businesses usually focus on niche markets
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by focusing on niche markets, product quality is usually very high
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small businesses often offer better customer service
As your small staircase-design venture grows, you will need to ensure that you have the right companies in your corner to help you keep your customers happy.
Since 1979, Menuiserox has grown continuously, fine-tuning its manufacturing approach to offer you a comprehensive stair components solution. Whether you’re looking for red oak, hard maple, birch, ash or any other noble or exotic species, Menuiserox is the manufacturer you can trust.
Menuiserox is recognized as the North American leader in wood stair-parts manufacturing and laminated wood products, as well as furniture and kitchen components, wood moldings and wood panels.
For more information or to request a quote, contact Menuiserox today.
http://www.theglobeandmail.com/report-on-business/small-business/sb-tools/small-business-briefing/how-small-business-survived-the-recession/article2175790/