Strategies for Starting a Business Salisbury 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.

Eastern SBDC
(410) 548-4419
171 Power Professional Building1101 Camden Avenue
Salisbury, MD
 
Southern Region SBDC
(301) 934-7583
8730 Mitchell Road PO Box 910
LaPlata, MD
 
Capital Region SBDC
(301) 403-0501
7100 Baltimore Ave., Suite 400
College Park, MD
 
Western Region
(301) 687-1080
14701 National Hwy, Ste 1
LaVale, MD
 
New Frontier MD Bus
(301) 791-3801
49 Summit Ave Ste 101
Hagerstown, MD
 
Maryland SBDC
301-403-8300 ext. 15
7100 Baltimore Avenue Suite 401
College Park, MD
 
Central Region SBDC
(410) 704-5001
8000 York Road
Towson, MD
 
Northern Region SBDC
(410) 836-4237
401 Thomas Run Road
Bel Air, MD
 
Eastern SBDC
(410) 548-4419
171 Power Professional Building1101 Camden Avenue
Salisbury, MD
 
Baltimore City
(410) 396-0685
501 N Athol 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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