I am back after a very long hiatus and without getting into what kept me away for so long i would like to obtain individuals views on whether Recession is the right time to start a new venture. Lets look at the pros and cons of recession though one would obviously believe that something as bad as recession can have no pros but i guess it does, bad times either in business or in personal life do force us to concentrate on our mistakes and also give us time to realise the kind of progress that we have made.

Just like we reap what we sow, recessionary period is also a result of cumulative mistakes, though the recession that we are all living in right now has a lot to do with the fallacies of human nature but without going there lets concentrate on whether we can derive some good out of it. I personally would vote against recession being the right time to start a new venture as people are less keen to spend money and get into the savings mode to try to save for the future and worst times. But cynics would say that recession is great to start something new as the costs are lower and skill set is available at a cheaper price.

Let me enhance the discussion by elaborating on what kind of a new venture am i referring to – a designer wear collection, now i have still not made up my mind as to whether i should start it from a base location or if this should be completely mobile. Traditionally i would need to take up a place, which itself in a city like Bangalore is going to cost me a bomb because it seems as if recession has not even touched the real estate market in this city. So a handsome amount of money will go towards acquiring a decent size place in an upscale community like Indira nagar, Koramangala or around MG road, as compared to that wouldn’t it help if i invested that amount of money in my collection instead and go mobile…i fully well understand everybody’s confusion on a designer store going mobile but that’s something about which i am keen to know everybody’s response and am also seeking suggestions on.

Secondly i am trying to source designer wear and highlight some hidden talent for which i want to get introduced to some fledgling designers who are eagerly waiting to showcase their talent, i cant go the tested and proven route coz i am just starting up and hence cannot stock Ritu Kumar’s and Rocky S’s. I would rather go for the more amateur designers as i personally believe in a lot of innovation.

Hopefully this post of mine would have given you an idea of what to expect in my future posts, it’s all gonna be about my new venture and i would constantly seek everybody’s feedback just as a confirmation to know that i am on the right track.