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Is recession best time for start up own business?

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Question added by Muhammad Adnan Sohail , Regional Manager Business Development (GCC) , Bradfield Group
Date Posted: 2016/07/03
Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

Recession makes input prices cheaper but the creditworthiness and receivables is hard hit during recession.Construction and real estate sector is based on the % of completion and recovery is based on amount of work completed.At times of recession receivables days increases from debtors. It depends on region as well.Some regions depend on service sector,some on agricultural sector .Startup cost decreases as market is not booming but resisting is tough during recession due to debtors,lenders, and deficit in balance of trades

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