Strategies for Starting a Business Baltimore MD

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skate boarding empire during a flat market and waning public interest.

Central Region SBDC
(410) 704-5001
8000 York Road
Towson, MD
 
Renaissance Academy
(443) 984-3164
200 Font Hill Ave
Baltimore, MD
 
Dr. Lillie M. Jackson Elementary
(410) 396-0540
1501 N Ashburton St
Baltimore, MD
 
KUMON MATH AND READING CENTER
(410) 644-7341
2 N Wickham Rd
Baltimore, MD
 
Academy For College And Career Exploration
(410) 396-7607
2500 E Northern Pkwy
Baltimore, MD
 
Baltimore Freedom Academy
(443) 984-2737
1601 E Lombard St
Baltimore, MD
 
Lake Clifton-Eastern High
(410) 396-6637
2801 Saint Lo Dr
Baltimore, MD
 
Coppin Academy
(410) 951-2600
2500 W North Ave
Baltimore, MD
 
Baltimore City
(410) 396-0685
501 N Athol Ave
Baltimore, MD
 
New Era Academy
(443) 984-2825
2700 Seamon Ave
Baltimore, MD
 

Strategies for Starting a Business

You hear it everywhere, every day. The market is down. Times are tough. People are struggling. But what if an unstable economy is the perfect timeto start a business? That-s exactly what Tony Hawk did when he created a multimillion-dollar skateboarding empire during a flat market and waning public interest. Here-s what Tony has to say about using tough times to your advantage:

Know it is risky, but do it anyway. "I felt like if I could start a company when skating was at one of its deadest states, then if it takes off again, we set ourselves up to be in a position of prominence and we-d just ride the wave."

Recognize the advantages of a flat market. "For someone to come in once the sport takes off, it-s just going to take way too much capital and way too much marketing money to get in a position to be recognized."

Make sure you are passionate about your idea or product. "I focused all of my energy on it because I loved it so much and I felt like, you know, I want to make this happen."

Don-t just grab deals as they come—scrutinize. "I learned the hard way not to hand everyone the keys to all your opportunities. I gave them the power to have the final say in projects and deals and it cost me."

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