Few are better positioned to survive—and even thrive—during an economic downturn than entrepreneurs.

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Why? Because of the very nature of entrepreneurship.

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Here’s how it works…

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Entrepreneurs solve problems for consumers or businesses. The greater the problem, the greater the potential reward.

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Recessions present massive problems to everyone—unemployment, restricted cash flow, businesses shutting down, and an atmosphere of tension and dread, to name just a few.

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Step up to the plate and solve those problems, and you stand to reap significant benefits.

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But having more problems to solve isn’t your only advantage.

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Afraid of a saturated market? Recessions can thin out competitors and free up market niches.

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Intimidated by startup costs? Recessions can lower the price tag on the goods and services you need to get your business into gear.

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Unsure about going it alone? Recessions can increase the availability of talent looking for new, fresh opportunities.

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So if a faltering economy has you skittish about starting a business, it may be wise to reconsider. Research the market you seek to enter, speak with a seasoned entrepreneur, and start taking steps towards starting a part-time business. You might find that the downturn is the start of your next opportunity.