Get Your Business Out of the Holding Pattern Recessions come and go, but that shouldn't stop you from hiring or expanding.
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Q: Everyone's in a holding pattern but I'm ready to move. Am I crazy?
|Kevin O'Connor: It's time to move.|
Photo © Jeff Clark
A: Nah. If you have the means, now is the time to hire or expand, says Kevin O'Connor, founder and CEO of FindTheBest.com and a serial entrepreneur who has successfully brought companies through three recessions, including DoubleClick.com (that one he eventually sold to Google for $3.1 billion). "People go into holding patterns because they're scared of running out of capital," he says. "And standards are much higher for VC money and at banks."