There is an interesting article from the Wall Street Journal about starting over as an Entrepreneur during these economically challenging times.
Here's an excerpt:
With the economy tanking, lots of people are striking out on their
own. Some never thought of starting a business until they got laid off.
Others kicked around the idea but never found the time or the passion
to pursue it. Now, launching a start-up seems like a better bet than
taking on an endless job hunt.
Call them entrepreneurs by necessity. And while some of them have
waited years preparing for just this moment, others may not be quite so
ready or eager to make the move.
“I
think we’re going to see a lot of businesses started by people who
otherwise would not have started businesses” in better times, says Bo
Fishback, vice president of entrepreneurship for the Ewing Marion
Kauffman Foundation, a Kansas City entrepreneurial-research
organization. “Necessity-driven entrepreneurship can be a powerful
motivator.”
This new crowd faces lots of obstacles. Banks and investors are
handing out a lot less money these days, especially to first-timers.
What’s more, necessity entrepreneurs have often done less of the spade
work than other entrepreneurs—in part because they weren’t thinking
that a layoff was imminent. And the fragile economy makes just about any new company a chancy proposition.
