Read this At the height of The Great Depression, brothers Walt and Roy Disney rebranded their garage-based cartoon studio under the name Walt Disney Productions. It wasn’t until 1967 when, inspired by a recent trip to the tropics, founder In the mid-1970s, while the US was submerged in stagflation, two nerdy college dropouts, Bill Gates and Paul Allen, were hard at work developing the concept of user-friendly operating software for home and office computing.By 1975, they officially founded their company under the name Microsoft beat the odds in a bad economy and remains one of the most valuable companies in the world.It wasn’t until a decade later when it broadened its coverage and added high-impact full-color photos that it became the sports magazine mainstay we’re all familiar with. The current downturn, often referred to as the Great Lockdown, is likely to produce permanent changes in how and where we do business: home versus office; electronically versus face-to- face. But it turns out, forming a startup in an economic downturn can actually work to your advantage in many ways. In the case of General Electric (GE), we’re talking nearly 150 years! Enter your account email below to recieve reset instructions Enter a new password below to access your account In fact, many entrepreneurs who saw opportunities and took risks during hard economic times have ended up creating some of the most instantly-recognizable brand names we know and love today.Here are just a few big-name businesses that you probably never knew were founded during recessions.Legend has it that founder Reed Hastings was motivated to start an online DVD rental by mail service after incurring a $40 late fee from Blockbuster for failing to return his copy of Appollo 13 in a timely manner. Many are former entrepreneurs themselves who invest in exchange for an equity stake in the company, Dearie explains. The company’s The iconic drugstore cosmetics company first made its mark in the midst of the Great Depression, when it rolled out the world’s first pigment-based red nail polish called The reason Revlon has been able to weather historic economic storms over the past 80 years might be attributed to “Beauty business are known to be recession-proof. Existing businesses are generally looking to unload unneeded equipment or office space on the cheap.But “the principle dynamic that propels entrepreneurship during downturns is necessity,” says John Dearie, president and founder of That doesn’t mean it’s easy to start a business from scratch during a downturn.“Economic downturns can propel entrepreneurship, but there are cross-currents that make it more difficult,” Dearie says. — that makes for a stronger business,” Stangler says. Let's face it: There is great value right now in this and in world markets.
For the potential entrepreneur, an economic downturn provides a ready-made pool of labor looking to be re-deployed. By using this site you agree to the People will always take snacks and fast foods, regardless of the economic trends. It will open new vistas for technologies that can facilitate contract tracing and monitoring. With what is expected to be the highest unemployment rate since the Great Depression and a rash of bankruptcies, the Great Lockdown may provide a once-in-a-generation chance for entrepreneurs to fill the void and develop an idea into a revenue-generating enterprise.When people go to the polls, they are primarily expressing a preference for the presidential candidate.Caroline Baum is an award-winning journalist who has been writing about the U.S. economy for three decades. Today, Sports Illustrated has over 3 million subscribers.While you won’t find many music videos on MTV or its many spinoffs anymore, it’s hard to ignore the massive impact the recession-born global brand has had on music marketing over the past four decades.Currently-thriving companies that emerged during deeply troubled financial times go further back in time than you think. This … They are busy inventing or creating something you never knew you wanted or needed.
“Steamboat Willie”, which starred Mickey Mouse, was their first animation to hit the big screen, and the first of its kind to feature synchronized sound.Apparently, a whistling cartoon mouse steering a ship down the river was exactly what America needed during those dark days.