Strategies for Starting a Business Washington DC

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.

DC SBDC at the DC Chamber of Commerce
(202) 624-0610
1213 K Street, NW
Washington, DC
 
District of Columbia SBDC
(202) 806-1550
2600 6th Street, N.W., Room 128
Washington, DC
 
DC SBDC at The University of the District of Columbia (UDC)
(202) 274-7030
4340 Connecticut Ave, NW 5th Floor
Washington, DC
 
Alexandria SBDC
(703) 778-1292
801 North Fairfax Street Suite 402
Alexandria, VA
 
Capital Region SBDC
(301) 403-0501
7100 Baltimore Ave., Suite 400
College Park, MD
 
DC SBDC at the Howard University School of Business GADGET Center
(202) 319-1393
2800 Georgia Ave., NW
Washington, DC
 
DC SBDC at the Anacostia Economic Development Corporation (AEDC)
(202) 889-5090
2021 M.L.K. Ave, SE
Washington, DC
 
DC SBDC at the DC Chamber of Commerce Business Resource Center
(202) 545-0220
7059 Blair Road, NW
Washington, DC
 
Maryland SBDC
301-403-8300 ext. 15
7100 Baltimore Avenue Suite 401
College Park, MD
 
SBDC at CBP
(703) 768-1440
7001 Loisdale Road, Suite C
Springfield, VA
 

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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