William Saito is a very experienced tech genius who headed his own companies and even worked as the technical advisor for the Japanese government. Saito is also a cybersecurity expert and he created biometric security features that have been purchased by Microsoft. Saito is an accomplished businessman and technology guru. He provides some sound advice to entrepreneurs and organizations who are trying to launch a tech startup when the economy is uncertain.
Saito tells entrepreneurs that they should start a tech company when the economy is bad. This advice might not make sense on the surface, but it has a deeper meaning. Saito states that businesses will have an easier time securing the funding they need to start and sustain a solid business. Other factors such as cheaper start-up costs, suppliers are giving better credit and hiring top rated employees are other perks for starting a tech business during financial crises.
Another thing that Saito points out is that many western businesses see failure or risk as a stepping stone to better things. However, he points out that this attitude is primarily a western trait that is not tolerated in other parts of the world like his homeland of Japan. Saito understands the logic that people learn from their mistakes. Still, entrepreneurs should go into business with the odds in their favor to succeed. While making mistakes is a natural part of a business, entrepreneurs should not make mistakes that they can easily avoid.
Remember that Saito was a young American entrepreneur with deep connections to his heritage back in Japan. He knows the challenges that entrepreneurs face when they strike out to create a business. His experience for starting companies is vast. He has learned how to take a tech-related idea and turn it into a legitimate business. Saito has a lot of knowledge and education that allows him to continue his level of success in the world of technology and finance.