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Question added to topic Starting a BusinessDecember 17, 2008

I want to start a cabinet/wood furniture business but I would have to invest a lot of money in the machinery. Do you think I should wait?

I really have the desire to start a cabinetry/wood furniture business but I'm afraid to invest a lot of money when the economy is so bad right now. Should I wait for it to rebound?
Start small--and know you can get great prices right now on machinery and many raw materials. Get the business side of things right first, and then you can start to expand. Know that the economy right now is like a pool in the winter time. If you get in bit by bit, you'll become acclimated to it a lot quicker than just diving in the deep end and taking the "plunge" all at once.

Plus, there are a lot fewer swimmers in the pool right now, so it is a great time to start getting market and wallet share.

Brad Sugars is the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.

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