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The Bad Economy is Creating More Entrepreneurs
Duane Zobrist writing for Fast Company:
The struggling economy has turned up the volume of the voice inside the heads of potential business owners that says, “What do I have to lose?” The excuse of job security given by employees as the reason they never started a business has been disproved by the current recession. An untimely firing has awakened many to the fact that nothing is guaranteed, and loyalty doesn’t exist when it clashes with corporate profits. So instead of taking another job they can’t stand and may be pulled out from under them anyway, many are taking a leap into the entrepreneurial world.
Chart for illustration purposes only.
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Cindy Hawkins on August 12th, 2011 9:43 am
Absolutely true. During the Depression, my friend’s grandfather drove a cab, and in time, wound up with several cars. They did comparatively well during the toughest times of the 1930′s, and that “hey what can I lose?” mentality kept them going. I say for every financial crisis there is opportunity – perhaps not the kind we had originally expected or wanted, but opportunity all the same. I guess we all got to keep on trucking. Or cabbing. Or pushing. Or inventing.
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