Wednesday, September 12, 2007

Recession Coming:

Greg Mankiw’s post showing the graph that a recession is now likely in 2008 presents a great opportunity. If economists are confident that there will be a recession, than in all likelihood we are in a recession already.

The best time to open a restaurant is during a recession. There will be plenty of available locations to choose from, build-out costs are more reasonable, there is a lot of very talented labor looking for opportunities and the revenue trends have no where to go but up.


The best time to start is now because there is a Recession Coming.