If the recession has you paralyzed in your tracks and scared shoeless for your financial future, here’s a radical idea.

Start your own online business. Yes, and do it right now.

Naturally, you may think this is the worst possible time for taking a step outside your comfort zone. But that logic simply doesn’t fly, according to MIT researchers.

They noted that William Hewlett and David Packard founded Hewlett-Packard in 1939, when the Great Depression had been underway for a full decade. And in September 1945, Masaru Ibuka started Sony – after his country had been devastated by war and was occupied by a foreign power.

And how about starting a company while interest rates are skyrocketing, with the stock market having dropped 45 percent the previous year and the country suffering the aftermath of both a presidential scandal and a war it had just lost? Well, despite all that, in 1975 Paul Allen and Bill Gates started Microsoft, says the MIT team.

Still not convinced?

The January 2009 issue of Fortune Small Business reports that no fewer than 18 of the 30 companies currently comprising the Dow Jones Industrial Average were launched amidst economic downturns!

The verdict is clear.

Don’t let a temporarily slow economy stop you from getting started right now on a lifetime of future wealth.

[Ed. Note: Don’t know where to start when it comes to getting an Internet business off the ground? Not to worry – ETR has you covered. As a member of our elite Internet Money Club, our team of experts will walk you step by step through everything from setting up a website to creating your products to writing sales copy, and much more. Get the details here.]

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Charlie Byrne

Charlie Byrne is a former Senior Copywriter and Editorial Director for Early to Rise. Charlie spent the earlier part of his business career as a systems analyst, project manager and consultant in New York City for Fortune 100 companies including Philip Morris, Digital Equipment, and Citicorp as well as New York University and Columbia University. He then spent over ten years at Reuters Ltd and Interealty Corp designing and implementing financial, real estate and news information services. In 2003, he joined Early to Rise as a senior editor and copywriter. Since then he has helped publish over 1000 editions of ETR, resulting in gross revenues of well over $25 million. He has also produced dozens of winning sales letters and promotions, including two that brought in over $200,000 in under 24 hours, another two that have grossed over $1 million each, and a single sales letter that sold 25 units of a $10,000 product.

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