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Starting a business during a downturn can be good idea, says Joey Yap

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Starting a business during a downturn can be good idea, says Joey Yap

PETALING JAYA (July 23): “You never know who’s swimming naked until the tide goes out,” said Datuk Joey Yap, quoting Warren Buffett. “This means when times are good, everyone’s business can do well. But when times are bad, you will actually see … Starting a business during a downturn can be good idea, says Joey Yap

“A lot of businesses were set up when the market is moving into a downturn. This is the time where a lot of opportunities can be found and a lot of things become cheap, so starting a business now may be a good idea as this is also the time for you to form the right team with the right people. Most of the big businesses such as AirAsia are founded during an economic downturn,” he said.

 

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