Up Up And Away! Business Start Ups Are Soaring

Business start ups are planning for the future.

Michael Bloomberg, the Mayor of New York said it very succinctly: "The truth is, the economy is never as good as it looks in a boom and never as hopeless as it looks in a recession ... America has never had a short supply of optimists, which may be the best of all reasons to be hopeful."

I do agree. In fact, I've got a saying of my own: "The folks will only take it for so long." The business folks, the entrepreneur folks, the investment folks -- we just aren't used to being down. When we've had enough we make a recovery happen.

Well, I think we've had just about enough.

Some very impressive business start ups came during recessions: Proctor and Gamble (1837), Hewlett-Packard (1939), Federal Express (1973), Microsoft (1973) and CNN (1980). Even Bloomberg's own TV financial network was founded during a recession (1981).

California has reported a spate of new business start ups, with a 10% rise in corporate filings. We are based in California, and while I haven't seen a spate of new businesses sprouting up all over, the statistic makes sense. The corporation figures reflect the "idea" businesses, the startups that defy definition and don't really care if the economy is good or bad. These are the biotechs, the green energy companies, the next Wiis. These are the business start ups that will fuel the next generation of entrepreneurs.

This is an exciting time to start your business. For many businesses, it is the BEST time to start your business.